FAS to Check Gasoline Price Increase in Russian Regions

The Federal Antimonopoly Service (FAS) of Russia is actively monitoring the situation with rising gasoline prices and plans to conduct inspections in several regions, including the Kursk region, Crimea, and the Krasnodar Territory. This was announced by the head of the FAS, Maxim Shaskolsky.

According to him, the FAS's target is to prevent gasoline prices from increasing above the inflation rate. Shaskolsky noted that in recent weeks there has been a significant increase in prices at gas stations, which is causing concern among both the authorities and consumers. He explained that oil companies have already received a number of warnings from the antimonopoly service.

According to the official, the FAS is closely monitoring price changes and will take measures to protect consumer interests. Inspections will be carried out at gas stations in the Kursk region, Krasnodar Territory, and Crimea.

The Russian Fuel Union (RTS) also proposed an alternative approach to price regulation. Instead of the usual inflation index, the RTS pointed to the advisability of introducing a composite index that takes into account the increase in taxes and credit burdens. This could lead to a more complex but fair pricing system, which would help take into account the real risks for the industry.

Read more on the topic:

• Independent gas stations are under threat of closure
• In August, the authorities did not see any prerequisites for an increase in gasoline prices
• In Russia, they decided to fight mobile gas stations