Novak announced the lifting of restrictions by Russian companies on fuel production
Russian Vertically integrated Oil Companies (VICS) currently ensure maximum fuel production, and therefore restrictions on its release are being lifted. This was announced on August 5 by Russian Deputy Prime Minister Alexander Novak.
"As for vertically integrated companies, companies ensure maximum production volumes and postponement of repair work. And today, volumes are present at their gas stations, and restrictions are being lifted, as was reported today at the operational headquarters," he said.
Novak added that the Russian government is taking additional measures to saturate the domestic market with fuel. He noted that the government has decided to extend the ban on gasoline exports until the end of January 2027, and also extended the ban on diesel exports until August. According to the Deputy Prime Minister, this was done in order, first of all, to provide the domestic market with petroleum products and such priority consumers as agricultural producers.
The cost of gasoline for the week from July 21 to July 27 decreased in 23 regions of Russia. The most noticeable drop in prices was recorded in the Republic of Mari El, where car fuel fell in price by 9.7%. In the Voronezh Region, the decrease was 6.4%, in the Irkutsk Region — 6.2%. Gasoline prices fell by more than 5% in two more regions of the Russian Federation: the Tambov Region (by 5.4%) and Karelia (by 5.2%).
On August 4, the Federal Antimonopoly Service (FAS) of Russia initiated proceedings and issued warnings on the situation with gasoline and diesel fuel pricing to regional gas station operators. The complaints appeared after inspections of gas stations in Altai, the Krasnoyarsk Territory, Bryansk, Orenburg, Nizhny Novgorod and Kherson regions, as well as in the Yamalo-Nenets Autonomous District.
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