Putin proposed exporting fuel according to quotas – Kommersant

Russian President Vladimir Putin, at a meeting with government members on September 27, proposed using a mechanism for regulating the fuel market similar to the one that currently operates on the fertilizer market: allowing exports only after the domestic market is filled.

“Indeed, we have delivered the required volume to the domestic market, and then make money on the external market. Well, yes, it works. It is clear that there are specifics here in the oil industry, but nevertheless there is no big difference, you just need to make these decisions in a timely manner, that’s all,” said Vladimir Putin (quoted from website Kremlin).

The government introduced fertilizer export quotas from December 1, 2021 as one of the measures to curb rising food prices. Last quotaapproved by the government, for the export of 16.3 million tons of fertilizers is valid from June 1 to November 30, 2023.

The President noted that, according to the St. Petersburg International Commodity Exchange for September, the cost of 1 liter of AI-92 gasoline increased by 8 rubles. The measures taken by the government on September 21 helped, the president noted. A decrease in prices on the stock exchange has been observed, but the cost of gasoline at retail has, on the contrary, increased since September 21. September 21 – 49.7 rubles, and September 26 – 51.6 rubles. for 1 liter AI-92. Vladimir Putin noted that consumers are little concerned about the measures taken if they do not see the result.

Deputy Prime Minister Alexander Novak at a meeting with the president as additional measures to stabilize prices offered increase the duty on petroleum products for resellers (those who do not produce fuel) from 20 thousand to 50 thousand rubles. or completely ban the export of petroleum products that were purchased on the market.

September 21 government banned export gasoline and diesel fuel, with the exception of exports to the EAEU countries according to indicative balances or protocols, under intergovernmental agreements. Prices began to decline, but after a government adjustment that allowed the export of marine fuels, gas oils and middle distillates, they began to rise again.

More details in the material – “Hands in tanks”.

Alexandra Goroshilova