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Russian Ministry of Energy assesses gasoline import issue

Moscow, Oct 23 (Prensa Latina) The volume of imported gasoline represents an insignificant proportion, and reports regarding a potential rise in fuel prices due to import costs are false, the Russian Ministry of Energy stated.

The ministry also refuted media reports suggesting a possible increase in the price of motor fuel stemming from such costs.

Furthermore, it explained that current volumes allow for a balance between supply and demand without significantly affecting the average price. Meanwhile, the import control mechanism remains in operation in Russia.

On Thursday, the Ministry of Energy announced that the country’s fuel market was saturated. Deputy Prime Minister Alexander Novak stated that the domestic market was fully supplied with diesel.

Last week, the average retail price for gasoline and diesel in Russia decreased by 0,06%.

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