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Gasoline prices frozen in Crimea for period of emergency regime

November 26, 2015, 4:32 UTC+3 SIMFEROPOL
"We have signed an agreement that no one will capitalize on temporary problems. We are a single team," Crimea’s First Deputy Prime Minister Mikhail Sheremet said
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© Alex Pavlishak/TASS

SIMFEROPOL, November 26. /TASS/. Crimea’s biggest oil traders have signed an agreement with the republican authorities on non-raising fuel prices in the period of the emergency regime.

"We have signed an agreement that no one will capitalize on temporary problems. We are a single team," Crimea’s First Deputy Prime Minister Mikhail Sheremet said at the signing ceremony early on Thursday.

Under the agreement, oil traders undertook to agree pricing issues with the Crimean government and not to raise retail prices on fuels in the period of the state of emergency.

The agreement also binds all the market players to form fuel reserves for at least 20 days. Filling stations are to be supplied with backup electricity sources.

"We have managed to find common language with fuel trades. Moreover, we will issues them no-interest loans to buy generators. We will also help supply fuels to the republic," Sheremet said.

He said Crimea’s daily demand in fuel was 1,500-1,600 tonnes whereas up to 2,300 tonnes were daily brought to the republic. In his words, panic at Crimea’s filling stations during the state of emergency was caused deliberately.

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