Russia’s antitrust watchdog initiates 76 cases in fuel market, issues 109 warnings
Efforts are underway to conclude agreements between regional authorities and independent gas stations aimed at stabilizing the price situation
MOSCOW, November 6. /TASS/. Russia’s Federal Antimonopoly Service (FAS) has initiated 76 cases in the petroleum products market and issued 109 warnings, 75 of which have already been complied with, the Russian government announced following a meeting on the situation in the fuel market.
"The Federal Antimonopoly Service (FAS) reported on measures taken to curb violations of antimonopoly legislation in the petroleum products market. Currently, 76 cases have been initiated, and 109 warnings have been issued, 75 of which have already been complied with. Efforts are underway to conclude agreements between regional authorities and independent gas stations aimed at stabilizing the price situation. To date, 154 such agreements have been signed across 53 constituent entities," the report said.
During the meeting, regional authorities also provided updates on the supply of petroleum products to local markets, the operations of retail fuel station chains, fuel price trends, and current fuel stockpiles. The discussion covered the situation in the Lipetsk, Tambov, and Ulyanovsk Regions, St. Petersburg, the Primorsky Region, and the republics of Adygea and Ingushetia.