Oil companies should quickly broadcast information about a decrease in exchange prices for fuel in small wholesale quantities. The corresponding instruction was given to enterprises by Russian Deputy Prime Minister Alexander Novak.
“A decrease was recorded in 81 constituent entities of the Russian Federation; depending on the type of fuel, prices fell from 500 to 15,000 rubles per ton. Alexander Novak instructed companies to quickly transmit the decrease in exchange prices to small wholesale,” – the Cabinet of Ministers said in a statement.
It is noted that prices on the St. Petersburg International Commodity Exchange decreased for diesel fuel (21%) and gasoline (16%).
At the same time, as follows from the data of the Ministry of Energy, prices for diesel in small wholesale decreased (according to the average) by 4,900 rubles per ton.
Earlier, Alexander Novak reported that Russia had extended the reduction in oil supplies by 300 thousand barrels per day until the end of December 2023.
In general, the world oil market, as the Deputy Prime Minister emphasized, remains balanced thanks to OPEC+.
