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Date: a month ago   Category: Finances

Arkusha: retail prices for gasoline will grow on the rate of inflation


Wholesale prices for gasoline in May grew by 17.5%, Rosstat reported. The authorities call it expected. Whether it is worth waiting for price increase in retail? Photo: Sergey Malgavko / TASS Wholesale prices of producers for gasoline in May grew by 17.5%, Rosstat reported. The government explained that these prices determined by the exchange auction since the beginning of year were below an export alternative and are now restored. In the office of the Cabinet of Ministers also noted that increase in retail prices for gasoline since the beginning of 2019 corresponds to the agreements concluded with oil industry workers and does not exceed on average 2.3%. It is not necessary to wait for any significant increase in prices for gas station, the president of the Russian fuel union Evgeny Arkusha is sure. Evgeny Arkusha the president of the Russian fuel union "Retail prices according to those decisions which were made last year will grow approximately on the rate of inflation somewhere for 20-25 kopeks a month, but it is no more. At us it is valid in January, February, March wholesale prices were significantly lower, than so-called export parity, even taking into account a damper. You remember, said in the press much that processing is unprofitable. A little bit the situation changed, export was open, there was a small decrease in supply of fuel to domestic market on this background, the prices began to grow. But the last decisions which were made by the Deputy Prime Minister led to the fact that obligations by the oil companies on increase in volumes of supply of fuel at domestic market were undertaken, including due to decrease in export, and it led somewhat to price stabilization. Yes, wholesale prices grew, but in the majority of regions the ratio of wholesale and market prices does not give a reason for the further sharp growth of retail prices today. Now more and more or less steadily". Earlier this week Dmitry Medvedev charged to the Deputy Prime Minister Dmitry Kozak to check media reports on increase in prices for gasoline in Siberia and in the Far East. Kozak's representative said that fuel rise in price cases single. To add BFM.ru to your sources of news?

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