"Since March 10, the situation at the exchange trading has been stable, at gas stations the price increase is within the inflation range," TASS quoted him as saying.

Sorokin also called the measures taken by the Cabinet of Ministers to adjust the damper and increase the minimum volume of fuel sales on the exchange sufficient to maintain a stable situation.

The Deputy Minister added that the Ministry of Energy continues monitoring for additional actions if necessary.

Earlier, the Izvestia newspaper wrote that the Independent Fuel Union believes that retail prices for gasoline by the end of 2021 may rise above the inflation rate, and in the event of a worst-case scenario, prices may rise by 14%.

According to the newspaper, the NST sent a letter to the government.