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The Federal Antimonopoly Service noted the slow pace of price reduction at gas stations

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Zamir Usmanov/Global Look Press
Zamir Usmanov/Global Look Press

Russian gas stations are in no hurry to reduce the price tags in the retail sale of fuel after lowering wholesale prices, said the head of the Federal Antimonopoly Service (FAS) Maxim Shaskolsky.

According to him, gas stations worked at a loss for about a year due to high prices for raw materials. Now they have declined, and companies are trying to make up for lost profits.

“Of course, now there is a surplus in the gasoline market, but we do not expect a significant oversupply, because our colleagues can slightly reduce production, for example, by taking capacities out for repairs, which is a common situation in the summer,” Shaskolsky said on the sidelines of SPIEF.

However, he added that this issue should be raised directly with the companies. Only they have a complete picture of what is happening in the market now.

Earlier it became known that the Federal Antimonopoly Service agreed to increase the price of insulin. The cost of the drug increased by 28%.

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