FAS expects continued trend in the decline of market prices for petroleum products

© RIA Novosti / Alexei Filippoupolitis in photobacteria Federal Antimonopoly service of Russia. Archival photoFAS expects continued trend in the decline of market prices for petroleum products© RIA Novosti / Alexei Filippoupolitis the image Bank

The Federal Antimonopoly service (FAS) expects that the trend in the decline of market prices for petroleum products will continue, which is relayed to small wholesale, said the Deputy head of FAS Anatoly Golomolzin.

«We expect that trend to decline (the exchange fuel prices — ed.) will continue. Now the relevant trading session will be held. The meeting, which we held on Friday, together with colleagues in Ministry, we agreed that a reduction in wholesale prices will also be translated into a small wholesale segment,» said the Golomolzin at a conference on the situation in the oil market.

He also noted that the address of all companies, and vertically integrated, and independent, were sent letters by the FAS, under which vertically integrated companies should increase the volume of fuel sales on the stock exchange, no less than 3% over the same period last year. This also applies to gasoline and diesel fuel, and kerosene, said the Golomolzin.

«These solutions give us reason to expect that the sideways trend that has emerged with a downward trend, it will continue this week», — said Deputy head of the FAS.

He also noted that companies are obliged to submit to the FAS information on the results of all changes occurring in all segments (large wholesale, small wholesale and retail) until June 18.

The Golomolzin acknowledged that given the price of oil is at about $ 76 per barrel, it carries a certain tension for the domestic market of petroleum products. «That is now the yield which is the independent gas stations, it is lower than in periods of stable fuel supply, but it is at the level characteristic of the peak periods last year, maybe a little more tense,» he explained.

«In this sense, if there is further decline in prices in the stock segment and the associated segment of the OTC and small wholesale segment, we will be able to enter the options specific for the same period last year. This week (is the key)», — he concluded.