Support The Moscow Times!

Refinery Accessibility Plan

The Federal Anti-Monopoly Service wants oil majors to grant independent producers 10 percent to 15 percent of their refineries' capacity to increase competition on the domestic fuel market.

"Independent producers are less than 5 percent [of the market], therefore, if they receive 10 to 15 percent of refining capacity … it will promote new competitors and products," the service's deputy director Anatoly Golomolzin said Wednesday.

Golomolzin said the service opposes further increases to the fuel excise tax on the domestic market. Next year's federal budget calls for the tax to rise between 1,300 and 1,700 rubles ($45 to $60) per ton next year, depending on the type of fuel. "This is analogous to the increases seen in 2011, which led to a significant increase in prices," Golomolzin said.

(Reuters)

Read more