international magazine
08 / 2006

Gasoline price race hits the goverment roadblock

Rapid growth of fuel retail prices in Russia generated vast discussions and speculations among the general public. The government did not distance itself from the issue: during the cabinet meeting it severely criticised oil companies for their źdishonest╗ market operations. In turn, oil companies believe that the situation is fair, but do not ruleout the possibility of price-regulating meeting with authorities similar to the one a year earlier. At the same time, experts say even 2-3% sluggish growth of fuel retail prices would multiply the chances for such meeting.