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Novak urges stable fuel supplies, faster rules to meet Russian demand
En breve
Russian Deputy Prime Minister Alexander Novak, after a regular meeting on the petroleum products market, called on ministries and vertically integrated oil companies to keep ensuring stable fuel supplies to the domestic market. The government also said work should be sped up on accompanying regulatory acts so fuel demand can be met quickly. Ministries and companies reported on stocks, output, price regulation in several regions and compliance with supply obligations.
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Deputy Prime Minister Alexander Novak, following a regular meeting on the situation in the petroleum products market, called on relevant ministries and vertically integrated oil companies to continue work to ensure stable supplies of petroleum products to the domestic market, the government press service said. The call was reported by RIA Novosti, TASS, Interfax and Vedomosti. The government statement also noted the need to accelerate adoption of accompanying regulatory acts that would allow fuel demand to be met promptly and help stabilise the fuel-supply situation sooner. [ 1 , 2 , 3 , 4 ]
At the meeting, the Energy Ministry reported on the current state of the petroleum products market, including accumulated fuel stocks and the commissioning and loading of production capacity. Measures to saturate the domestic market with gasoline and diesel and to promptly eliminate local deficits were reviewed separately. The Federal Antimonopoly Service reported systematic work in regional fuel markets aimed at complying with antimonopoly law and curbing pricing violations. [ 3 ]
Measures to regulate the price situation were presented for Orenburg, Nizhny Novgorod, Novosibirsk, Omsk and Tyumen oblasts, as well as the Udmurt Republic. Special attention was given to the situation in the markets of Nizhny Novgorod and Tambov oblasts and the republics of Ingushetia, Karelia and Buryatia. Industry companies reported on fulfilling their obligations, including ensuring supplies, increasing output of gasoline and diesel and meeting retail demand for petroleum products. [ 3 ]
Vedomosti recalled that on 2 October Novak said the Russian diesel market was fairly balanced, while a minor deficit remained in gasoline. He said that once balance is restored Russia could return to consuming only its own gasoline and resume exports. About 80% of petroleum product sales at Russian filling stations come from large vertically integrated companies, he said, naming Rosneft, Lukoil, Tatneft, Gazprom Neft, Gazprom and Surgutneftegaz as holding retail price growth roughly at the level of inflation. On 30 September the government extended the export ban on diesel, bunker fuel and gasoils for producers until 31 October inclusive, while a full ban on gasoline exports runs until 31 January 2027. The cabinet explained the measures by the need to support domestic market stability amid elevated demand. [ 4 ]
Por qué importa
The meeting readout points to continued official attention to fuel supply and prices on the Russian domestic market, where officials have described a minor gasoline deficit. The outcome matters for consumers and for oil companies operating under export bans: the government said faster regulatory acts are needed to meet demand and stabilise fuel supply. Because the documents give no figures on stocks or output, the practical effect of the meeting is not yet clear.
Datos clave
- Deputy Prime Minister Alexander Novak called on relevant ministries and vertically integrated oil companies to continue work on stable supplies of petroleum products to the domestic market. [ 1 , 2 , 3 , 4 ]
- The government said adoption of accompanying regulatory acts should be accelerated so fuel demand can be met quickly and the fuel-supply situation stabilised sooner. [ 3 ]
- The Energy Ministry reported on the market, including accumulated fuel stocks and the commissioning and utilisation of production capacity. [ 3 ]
- The Federal Antimonopoly Service reported systematic work in regional fuel markets to uphold antimonopoly law and curb pricing violations. [ 3 ]
- Price-regulation measures were presented for Orenburg, Nizhny Novgorod, Novosibirsk, Omsk and Tyumen oblasts and Udmurtia, with particular attention to Nizhny Novgorod and Tambov oblasts and Ingushetia, Karelia and Buryatia. [ 3 ]
- Oil companies reported meeting their obligations, including supplies, higher gasoline and diesel output and meeting retail demand. [ 3 ]
- On 2 October Novak said the diesel market was fairly balanced while a minor gasoline deficit remained, and that the government extended the diesel, bunker fuel and gasoil export ban to 31 October and the gasoline export ban to 31 January 2027. [ 4 ]
Confirmado por varias fuentes
Aún sin aclarar
- Which specific regulatory acts are to be accelerated and when they will be adopted. Interfax reports the government's call to speed up accompanying normative acts but no document names them or sets a deadline.
- The size of accumulated fuel stocks and current production capacity utilisation. Interfax says the Energy Ministry reported these figures but does not give them.
- Whether gasoline supply remains in deficit after the meeting. The only deficit reference is Novak's 2 October remark in Vedomosti about a minor gasoline deficit; no document states the situation at the time of the meeting.
Qué dicen los medios locales
Cronología, hora local
- RIA Novosti reports Novak's call to continue work on stable fuel supplies. [ 1 ]
- TASS reports Novak's call to continue work on stable supplies of petroleum products to the market. [ 2 ]
- Interfax carries the government press-service readout of the meeting, including the call to speed up regulatory acts. [ 3 ]
- Vedomosti reports the call and adds background on the diesel and gasoline market and export bans. [ 4 ]