Deputy Prime Minister Alexander Novak said that the cost of gasoline at refueling increases within inflation. This was reported by RBC in the sidelines of the St. Petersburg International Economic Forum (PMEF).
Novak explained that wholesale stock prices for fuel are volatile: they periodically grow and decrease. For example, last week they increased, and on this – decrease. At the same time, the cost of gasoline at refueling is stored within inflation, which “normally”: In this way, inflation costs are manifested.
Vice-Prime Minister also stressed that fuel prices should ensure the marginality of oil refineries, tank farms and independent refills. “To date, there is a sufficiently tense situation from the point of view of marginity for refueling,” he noted. For citizens, the decisive factor is not the wholesale price of gasoline, but its value for a gas station, where it increases “strictly within inflation”, concluded Novak.
From May 1, a new formula for calculating gasoline prices began to operate in Russia. The mechanism of the damper was changed due to the ratio of the ruble and the growing prices for oil. As part of the new formula, the indicative price of gasoline will decrease by four thousand rubles compared with the current rate until the end of 2021.