Russian regulator proposes fuel market players, exchange traders work out mechanisms to prevent price spikes

MOSCOW. Sept 12 (Interfax) - Russia's Federal Antimonopoly Service (FAS) has proposed to fuel market and St. Petersburg commodities exchange participants to work out mechanisms to prevent price spikes in exchange trading, the regulator said.

"On September 10, at a meeting of the Exchange Committee, the FAS of Russia proposed to market and St. Petersburg exchange participants to jointly work out market mechanisms that would make it possible to prevent peak values in trading for the sale of fuel," the regulator said.

The FAS recalled that it constantly monitors prices at 12,000 filling stations and takes antimonopoly response measures if it finds unjustified price increases.

"A number of regional agencies are now considering taking measures against businesses that have a dominant position. The FAS earlier opened a case against Gazprom GNP Sales LLC - in May-June 2025 the company reduced sales of gasoline on the exchange: AI-92 by 74% and AI-95 by 50%. The next meeting is planned for September 18, 2025," the regulator said.

The St. Petersburg International Mercantile Exchange (SPIMEX) tightened rules for gasoline trading on Monday, which is expected to help stop the growth of prices for this fuel.