international magazine
01 / 2006

Fuel market after lifting the lid on prices

Russia's fuel prices on retail market peaked in the fall 2005. In 2004, prices on Russia's gasoline stations grew by 31% in 2005 — by another 16%. The way out emerged on 19 September's meeting of minister of industry and energy with the heads of largest oil companies. Then, the oil industry professionals made a rather contradictory decision to «freeze» retail prices for gasoline till the end of the year. The moratorium expired on 1 January. The OilMarket approached market players and industry experts with one question: «What do you think of price condition on Russia's retail market in the new year?»