The measures of authorities to stabilize the situation in the domestic fuel market removed the excitement from stock trading. There is no risk of price increases for gasoline. Such an assessment of the situation was given by Vice Prime Minister Alexander Novak, RIA Novosti reports.
He also noted that a favorable situation was influenced by the decline in gasoline exports from Russia almost to zero without actual prohibition. The main exporter – “Surgutneftegaz” – by agreement with the government sent all its volumes to the domestic market.
“The price was partially corrected. Therefore, I think that with the traditional fall in demand with the onset of autumn it will be even more normal,” Novak emphasized.
Vice-Prime Minister added that Russia expects full recovery of the oil market in 2022. “We expect that this year there will be an increase in demand for about 5.8-6 million barrels per day,” said Novak.