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Gasoline prices in Russia similar to the European ones

May 24, 2012, 13:16 UTC+3
Gasoline in our country is about 10 percent more expensive than it is in the United States
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MOSCOW, May 24 (Itar-Tass) —— Gasoline in Russia can be considered cheap in contrast to the European prices, the head of the Federal Antimonopoly Service (FAS) Sergei Artemiev, told the international conference on the resolution of anti-monopoly disputes in Russia, the European Union and the European Economic Space.

However, he added that it would be more appropriate to compare domestic fuel prices with those in the United States.

“Gasoline in our country is about 10 percent more expensive than it is in the United States. This is the price of monopolism,” Artemiev told the media.

He recalled that for many years the oil companies enjoyed a 20-percent premium in selling products.

“Now their prices are at the world’s average level,” he said.

Last year Russia’s largest oil companies paid 650 million dollars in fines for anti-monopoly legislation abuse, Artemiev said.

“When we started the third wave of lawsuits, they did not even bother to go courts, because the cases were identical to the previous ones,” he said.

 

 

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