Russia reports 93 fuel price agreements with petrol stations in 35 regions
In short
Russia's Federal Antimonopoly Service said 93 fuel price stabilisation agreements had been concluded with independent petrol station operators in 35 regions. Twenty agreements involve companies operating more than 20 stations within a region.
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Russia's Federal Antimonopoly Service said 93 agreements intended to stabilise fuel prices had been concluded with independent petrol station operators in 35 regions. Interfax and RIA Novosti reported the figures on October 9, citing the service. Twenty agreements were signed with companies that operate more than 20 petrol stations within a single region. The agency said the agreements are made under government resolution No. 662 and aim to restrain prices and improve conditions in the fuel market. [ 2 , 3 ]
The regions with agreements involving those larger operators include Voronezh, Kemerovo, Irkutsk, Belgorod, Kirov, Volgograd, Samara, Tambov and Vologda regions; Mordovia, Tatarstan, Khakassia, Buryatia and Sakha (Yakutia); and Stavropol, Perm and Khabarovsk territories. The service had previously notified regional authorities that they could conclude such agreements, and the first were signed in August and September. RIA Novosti reported that it intends to continue providing consultation and organisational support to regional authorities and independent operators as they implement their commitments. [ 2 , 3 ]
Why it matters
The agreements are intended to restrain fuel prices and stabilise the market, the service said. It plans to continue helping regional authorities and independent operators implement their commitments.
Key facts
- The Federal Antimonopoly Service reported 93 agreements with independent petrol station operators in 35 regions. [ 2 , 3 ]
- Twenty agreements involve companies operating more than 20 petrol stations in their region. [ 2 , 3 ]
- The agreements are concluded under government resolution No. 662. [ 2 , 3 ]
- The first agreements were signed in August and September. [ 2 , 3 ]
Confirmed by several sources
Still unclear
- The documents do not quantify the agreements' effect on fuel prices. They report the number and purpose of agreements without results or specific price limits.