Russia’s Far East faces higher oil product prices, shortages

MOSCOW, Aug 24 (PRIME) — The growth of oil product prices in Russias Far East exceeded the average growth of oil product prices across the rest of Russia by 3% in MayAugust, a representative for the press office of the presidential envoy in the district said Wednesday, RIA Novosti reported.

Some regions in the area have also faced small shortages of gasoline and diesel fuel on the retail and wholesale markets, the representative said following a meeting, held by the Deputy Presidential Envoy Alexander Levintal, on the situation with oil product supplies and prices in the district.

Prices of diesel fuel grew 7.2% on average in August compared to May in Russias Far East, while their average growth in Russia amounted to 4.4%. Prices of 92 octane gasoline grew 9.4% on average in August compared to May in the area, while their average growth in Russia amounted to 7.2%.

The growth of prices in the area was attributed to a growth of oil prices, railroad tariffs, and prices of oil products transportation via pipelines.

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