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Category: Companies

Category: Law

Category: Companies

Category: Companies

Date: 3 weeks ago   Category: Companies

The government looks for an exit to increase in prices case in the fuel market


"Alternative options" regulations can include introduction of protecting duties on oil products or licensing of export. Whether it will help to stabilize the prices? Business FM has learned opinion of experts of the Photo: Mitya of Aleshkovsky/TASS the Government discusses "alternative options" of regulation of the fuel market case increases in prices higher than inflation. The Deputy Prime Minister Dmitry Kozak following the results of a meeting with oil industry workers has reported about it. As reminds RBC, on the eve of this meeting the director of the department of the Ministry of Finance Alexey Sazanov has unexpectedly said that all previous measures which the Cabinet of Ministers discussed for stabilization of fuel prices including not increase in excises and introduction of protecting duties on oil products, actually don't work. What "alternative" measures were discussed at a meeting? Evgeny Arkusha the president of the Russian fuel union, the head of the Moscow fuel association "At a meeting two offers from lips of the Deputy Prime Minister were heard, as a matter of fact. Or to introduce protecting export duties that in principle is bad. Badly for oil processing, she then absolutely will die, and it will be absolutely bad. Therefore the second option which to me is more preferable is a licensing of export. It is a new thing which wasn't earlier. All main producers obtain licenses in the beginning, but certain conditions of extension of these agreements which are concluded that the oil companies, exporting fuel, certain volumes, and volumes are obliged are entered in the license agreement, I so understand, increased of a year a year, to leave in domestic market and to sell through the exchange. These volumes will be formalized. I don't know how it will be made up to the end, but nevertheless. And in this case resources will be in domestic market enough, and, most likely, it stabilizes the prices". How effective can be such option of regulation of the fuel market? Ilya Moroz the CEO of "Council for the Commodity Markets" non-profit partnership "Rather unexpected offer, I hear about him for the first time, probably, as well as many participants of the market. Very probably on balance tasks which were already in the history. But also I have understood that the comment such that no decisions are made yet, this simple sentence which is introduced to discussion. In my opinion, the measure which would allow to sate the organized exchange market of oil products with additional volume would be rather more effective. Now, as far as I know, the government together with antimonopoly service and the Ministry of Energy have coordinated some increase in these standards which obliges the oil companies to direct large volumes to the exchange, but in such volumes which capitally will change nothing. There settlement indicators of a necessary minimum are higher. Respectively, it seems to me, it is much simpler, more clear and is more transparent would adjust saturation of domestic market and would balance the prices". Only for September producers of automobile gasoline have lifted wholesale the prices

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