The law provides for the adjustment of the parameters of the "damping mechanism" and is aimed at stabilizing prices on the domestic market. The document provides for a reduction in the established average (conditional) wholesale fuel price. Corresponding amendments were made to the Tax Code of Russia. This is stated on the official Online lower house of parliament.
According to the authors of the law, now the price of gasoline should decrease from 56 thousand rubles. per ton up to 51 thousand rubles. per ton (41 rubles per 1 liter in retail at gas stations). At the same time, the brand of gasoline is not specified. A diesel, supposedly, should go down in price from 50 thousand rubles. per ton up to 46 thousand rubles. per ton (41,75 rubles per 1 liter in retail at gas stations). In addition, from August 1, 2019, it is proposed to introduce a “damping mechanism” in relation to aviation kerosene.
At the same time, the law provides for an annual increase in the average (conditional) wholesale prices for fuel sold on the domestic market by 5% until 2024. This law has yet to be approved by the Federation Council (upper house of parliament), after which it will be signed by the President of Russia.
It should be noted that earlier the head of the Independent Fuel Union (NTS) of Russia Pavel Bazhenov sent a letter to the Deputy Prime Minister of Russia Dmitry Kozak, in which he wrote that he was afraid of a repeat of the situation in the spring of 2018, when the wholesale and retail prices of fuel had sharply increased in the Russian market. In turn, Kozak called these fears premature and unfounded.