Russian authorities were going to restrain the rise in gasoline prices in a new way – due to the introduction of partial restriction on export, the profile deputy prime minister Alexander Novak, who quotes TASS.
“Now it is discussed in the government, the Ministry of Energy is in principle ready to support such a proposal for some limited period,” Novak noted, promising to decide in the near future.
In turn, the deputy head of the Federal Antimonopoly Service (FAS) Vitaly Korolev called such a measure of extreme. As more likely actions of the government, he brought the introduction of seasonal coefficients to minimal fuel requirements on the internal exchanges.
Introduction of fuel export restrictions (in the form of a direct ban or establishing export duties) leads to an increase in its supply in the domestic market. This, in turn, entails the price reduction.