Sergey Tereshkin, CEO of the oil products marketplace Open Oil Market, spoke about how to stabilize fuel prices in the Russian Federation.
According to the analyst, the situation could be positively affected by cost reductions by oil companies and a reduction in Russian Railways tariff rates.
Tereshkin explained: “High-octane gasoline is still at the center of the crisis,” as reported by RIA Novosti .
Also, according to the expert, Western sanctions against Russia played “not the least role” in this issue.
The analyst noted that all of the above circumstances contribute to an unconditional increase in gasoline prices.
Improving the situation
Earlier, the Russian Ministry of Energy also spoke out on this issue.
As the department indicated, a whole range of factors directly influences the formation of fuel prices.
These aspects include, in particular, the season and market conditions. It is noted that sufficient fuel reserves are being achieved on the eve of autumn.
Author: Margarita Sadkovskaya
