“The growth of wholesale prices is not critical and has been largely restrained by adjusting the“ damper mechanism ”since the beginning of May.
In the current macroeconomic conditions, this has preserved the profitability of fuel supplies to the domestic market for oil companies, eliminates the shortage of fuel in the domestic market in the summer, "RIA Novosti quoted the ministry as saying.
Also, the change in the final retail prices for gasoline at filling stations is not expected to exceed the inflation rate.
It is noted that the domestic fuel market is influenced by macroeconomic factors.
Earlier, Igor Yushkov, an expert at the Financial University under the government of Russia, a leading analyst at the National Energy Security Fund, commented in an interview with RT that world oil prices are falling by 4-5% during trading on Wednesday, May 19.