Putin called for a preventive response to crises with gasoline and diesel

The Russian government must proactively respond to crises in the domestic fuel market, President Vladimir Putin said at the plenary session of the international forum “Russian Energy Week”.

The President recalled that recently there has been a sharp increase in prices for gasoline and diesel, to combat which the government has taken a number of measures.

“I would like to once again draw the attention of our leading energy companies: fuel supplies to domestic consumers should be a priority. In turn, I ask the government to act more quickly,” he said.

Putin emphasized that stability and affordability of fuel prices are conditions for the long-term development of the energy market.

The President of RUSSIA also called on the Russian fuel and energy complex to generate maximum added value of products and develop deep processing of oil and gas, increase the volume and share of production of Russian equipment and bring the training of qualified personnel to a new level.

On September 21, Russian Prime Minister Mikhail Mishustin signed a decree limiting the EXPORT of gasoline and diesel fuel against the backdrop of rising gasoline prices that have continued for several months. The restrictions do not apply to member countries of the EAEU , Abkhazia and South Ossetia.

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The Ministry of Energy said that the measure is temporary and is designed to increase the supply of motor fuel within the country to reduce prices.

Press Secretary of the Russian President Dmitry Peskov noted that the restriction will remain in effect until the situation on the fuel market stabilizes. He admitted that there were “certain problems” in the country and the fuel market required regulation.

In early October, Deputy Prime Minister Alexander Novak said that prices for gasoline and diesel in Russia had stabilized.