In Russia diesel fuel for the week rose by 0.1%

© RIA Novosti / Pavel to Listenpreise in fotobanka diesel fuel in Yekaterinburg. Archival photoIn Russia diesel fuel for the week rose by 0.1%© RIA Novosti / Pavel to Listenpreise the image Bank

Retail prices for gasoline in Russia during the week from 7 to 12 November has not changed, on diesel fuel — rose 0.1%, according to Rosstat.

With the beginning of the year to 12 November the cost of petrol grew by 9.3%, from the end of October – has not changed.

The prices of petroleum products in Russia grew sharply in the spring and early summer. In April, producers have raised prices of gasoline by 13% in comparison with March, to retail from mid-April gasoline on average in the country has become more expensive 40 cents per liter, and in early June — is already more expensive than 43 rubles. The Cabinet in this situation, decided to temporarily reduce the excise tax on gasoline and diesel fuel and agreed with the oil companies that they are on time decision-making support the industry fix the prices at 30 may.

The result of these measures, in July the average retail price of gasoline in Russia for the first time in 2018 decreased in monthly terms by 0.2%, but in September turned to increase. According to Rosstat, during the first three quarters of the year, retail gasoline prices rose on average by 9.3%. Then, on October 31, the Ministry of energy, FAS, oil companies and independent refineries at a meeting with Deputy Prime Minister Dmitry Kozak agreed on the so-called measures of stabilization of prices on the fuel market.

The parties agreed on the level of supply of petroleum products to large and small wholesale at fixed volumes and prices. It was declared that the rates to the end of the year will remain at the end of may — beginning of June, and then will gradually be indexed based annual inflation rate of 4-4. 6 per cent. Monthly production and sales of oil products should be 3% higher than the corresponding month in 2017. The agreement is valid until March 31.

In Russia diesel fuel for the week rose by 0.1%© RIA Novosti, Infografiken European countries on gasoline prices – 2018

Source