No reason for sharp increase in gasoline prices in Russia

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No reason for sharp increase in gasoline prices in Russia - Dvorkovich

MOSCOW. March 30 (Interfax) - There is no reason for a sharp increase in fuel prices in Russia, said Russian Deputy Prime Minister Arkady Dvorkovich.

"There are no reasons for a sharp increase in prices, the situation is being monitored. Slight fluctuations could occur, because we have raised excise taxes, this is gradually being felt," he told reporters.

Deputy Federal Antimonopoly Service (FAS) head Anton Golomolzin earlier told Interfax that the agency sees no reason to apply pressure to exchange and retail prices for petroleum products. The level of wholesale and retail gasoline prices allows for a stable market situation in the short-term, Golomolzin said.