Oil producers promise to increase fuel deliveries to Russian domestic market by 3%
Moscow. Russian oil producers promised at the meeting chaired by Deputy Prime Minister Dmitry Kozak to increase gasoline and diesel fuel deliveries to the domestic market by 3% year-on-year, a meeting participant told TASS on Friday.
"Vertically integrated oil companies confirmed their commitments to secure minimal wholesale deliveries of motor gasoline and diesel fuel with the increase by 3% against relevant monthly volumes of 2017," he said.
Companies also confirmed their commitments to sell at least 10% of produced motor gasoline and 5% of produced diesel fuel on the exchange.
Oil producers also made a promise to stabilize jet fuel prices at the meeting, a source in the aviation sector told TASS.
The Russian government will monitor the situation with gasoline prices on a daily basis and oil producers abide by the promise of stabilizing domestic fuel prices, Deputy Prime Minister Dmitry Kozak said during the annual Q&A session of the Russian President on Thursday. The Federal Antimonopoly Service will provide situation updates to the government on a daily basis during the week, Kozak noted.
Exchange trading in diesel and gasoline rose 19% and 20% respectively over the week, Kozak said earlier.