
Deputy Prime Minister of the Russian Federation Alexander Novak said that the Russian authorities will strive to reduce prices at independent gas stations to the level of prices at gas stations of vertically integrated oil companies (VIOCs), which keep price increases close to inflation and sell about 80% of the total volume of petroleum products sold.
AI-generated summary
VINKs keep fuel price increases close to inflation and control about 80% of the petroleum products market in Russia.
The Russian authorities will strive to reduce prices at independent gas stations to the level of vertically integrated oil companies (VIOCs), said Russian Deputy Prime Minister Alexander Novak.
VINKs keep price increases at a level close to inflation, and they account for about 80% of the total volume of petroleum products sold.
AI outlook — possibilities, not facts
Prices at independent gas stations will be reduced to the level of vertically integrated oil companies in the coming months
Likely · Within months

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Deputy Prime Minister Alexander Novak said that the authorities intend to continue working to reduce the cost of fuel at independent gas stations to the level of prices at gas stations of vertically integrated Russian companies, which provide about 80% of retail sales and grow approximately at the rate of inflation.

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