international magazine
09 / 2006

At the whim of the market
Fuel prices to stay competitive

The domestic market expected the authorities to put lid on fuel prices after meeting of oil companies with government in Moscow on 12 September. Observers speculated the result would be a repeat of last year's scenario — «freezing» prices at current rates until the end of the year. But while last year's slogan was «freeze prices», this year's is «don't raise them». So conclusions from last year were drawn, but it appears no new levers of influence have been found. What is surprising is something else: the government's arguments its move demanding only that price growth is kept in line with inflation.