23 Jun 2023 09:14

Russian regulator probes oil cos for compliance with antitrust requirements

MOSCOW. June 23 (Interfax) - The Federal Antimonopoly Service (FAS) has begun to look into the actions of certain vertically integrated oil companies for compliance with antimonopoly requirements, the Russian regulator told Interfax.

The FAS has also drafted documents to raise requirements for selling oil products on the exchange. This will make it possible to increase the supply of gasoline and diesel fuel and meet domestic demand, the regulator said.

"After the approval of the order and draft resolution of the Russian government, the statutory requirement for sales on the exchange will be 13% for gasoline and 9.5% for diesel. The requirements apply to all oil companies (producers) who receive damper payments," the regulator said.

The authorities are also working on customs and tariff measures, in connection with which the FAS Exchange Committee discussed tightening criteria for fuel exports on June 21.