Oil companies may be punished for unwillingness to save gasoline for internal market

Russian oil companies don’t want to form obligatory stocks of gasoline and diesel fuel for internal market in the volume of up to 1.5-1.7 million tons monthly, as the Ministry of Energy advises. Only Tatneft signed agreement with the Ministry, Lukoil opposes assignment of supply quotas. Most of companies sees how the wind blows. The FAS may introduce turnover-based fines in the amount of 1-15% for uncompromising oil companies, which increase export of automobile fuel and its prices in Russia.

In February, the export of high-octane gasoline grew by 82.9% as compared with the same period of the previous year, and the supplies to the domestic market fell by 5.9%. The volume of produced automobile fuel decreased by 36 thousand tons.

It’s profitable for oil companies to export gasoline, because from 2014 ruble fell a lot in relation to dollar and euro, the Izvestia writes on Friday. The oil companies stated to increase the export of oil products and to reduce the internal supplies, despite protective duties on high-octane gasoline in the amount of 90% of oil ones. According to the edition, this entailed growth of wholesale prices at first (by 14-22%), and then – retail ones (by 0.5-1 rubles per liter).