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Russian govt, oil firms agree how to curb domestic petrol prices

Wed 31st October, 2018 7:25pm
MOSCOW, Oct 31 (Reuters) - Russia's government and main oil
firms have agreed how to curb a steep rise in domestic petrol
prices, avoiding a prohibitive export duty on oil and oil
products, Russian Deputy Prime Minister Dmitry Kozak said on
Wednesday.
    Under the deal, that will be in force from Nov, 1 until
March, 31, oil firms will ramp up petrol and diesel supplies to
the domestic market by 3 percent per month versus the
corresponding month in 2017.
    The oil firms will be allowed to raise prices, frozen at the
current level until the end of 2018, within the inflation rate
in 2019. 
    The Deputy Prime Minister also said the average margin for
retail sales was set at 2700 roubles ($41.00) per tonne for
petrol and diesel to ensure enough supplies.

($1 = 65.8590 roubles)

 (Reporting by Olesya Astakhova, writing by Denis Pinchuk,
editing by Kirsten Donovan)
 ((denis.pinchuk@thomsonreuters.com; +74957751242;))
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