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The Federal Antimonopoly Service calls on oil companies to increase fuel supplies to the domestic market.
Fuel

The Federal Antimonopoly Service calls on oil companies to increase fuel supplies to the domestic market.

The Federal Antimonopoly Service (FAS) reported on the non-compliance with the recommendations of the Ministry of Energy regarding additional fuel supplies to the market. Some companies are not following the recommendations, which may disrupt the regularity of trading. FAS reminded about the consequences and the increase in demand for gasoline.

22 February 2024 22 February 2024

According to the statement of the Federal Antimonopoly Service (FAS), some oil companies do not fully comply with the authorities' recommendations on additional fuel supplies to the domestic market.

The FAS press service reported that the Ministry of Energy of Russia periodically provides oil companies with recommendations for additional fuel supplies to the domestic market, including for its implementation on the exchange.

However, at the moment, some vertically integrated oil companies do not fully comply with these recommendations, which may violate the criteria for regular and uniform implementation of fuel at exchange auctions, added the FAS.

The service also reminded about the consequences of not meeting these criteria and recommended to adhere to them, taking into account the increased demand for gasoline.

Nevertheless, at the moment, companies comply with the mandatory fuel sales standards through the exchange, noted the FAS.

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