This was reported by TASS with reference to the head of the FAS Russia FAS regulation department Armen Khanyan.

“Prices for motor fuels in the wholesale segment have stabilized and for several weeks have shown a downward trend,” Khanyan said.

He added that "in the retail segment, price changes do not exceed the inflation rate."

In early July, the cost of AI-95 gasoline on the St. Petersburg International Commodity Exchange beat a record for several days in a row.

FAS noted that the price of gasoline on the exchange will soon stabilize.