Ministry of Fuel and Energy has refused to count the practice of price corridor for light petroleum products at gas stations
Ministry of Fuel and Energy of Ukraine renounced the practice to calculate the price corridor for light petroleum products to petrol stations. The statement was made by Press Secretary Office Fent Di.
To date, Ministry of Fuel and Energy does not hold any price calculation. There is only an analysis of world and Ukrainian market of petroleum and petroleum products. It is our task to engage in the price situation in the market, we do not have any leverage to do so, nor powers. Question ministries - providing the market adequate resources and the establishment of indicative prices caused unwarranted criticism of the ministry, which was that our calculations are provoking more expensive petroleum products, - said F.Di.
According to him, to date market prices are established exclusively by the market because of its economic feasibility. According to Press Secretary Ministry of Fuel and Energy, the agency has no administrative power, and pricing in the market of light petroleum products in Ukraine are carried out on the basis of global market mechanisms and principles.
control over the price situation, according to law, lies squarely with the Goskomtsen and AMCU (whose representatives are also members of the Secretariat of the expert-analytical group on the issues in the oil market and oil and refining industry Ministry of Fuel and Energy), have the authority to respond to unduly increasing the retail price of petroleum products.
The current increase in consumer prices in the Ministry of Fuel and Energy krupnoopotovyh associated with an increase in prices, both in Ukraine and in Europe as well as of rising crude oil from suppliers. Also, its impact and the volatility in the foreign exchange market, noted in the ministry.
Recall practice of price corridor the head of Ministry of Fuel and Energy was introduced in 2006-2007. Yuri Boyko. The need for such an introduction explaining the influence of constraint on the pricing policy of oil.
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Overview of the oil market for 02.07.09
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Analysis - Results of the day
If on Monday the U.S. stock exchanges opened in the negative, the Russian market will be the next Bear Holiday
The Russian market shares allocated IDC, which grow on the news on the transfer of power distribution companies to a single share by 2011
Next week is expected to remain negative sentiment on the stock sites
Rising oil prices in the run next two weeks can be up to $ 75, and by the end of the year - up to $ 100 a barrel
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