Russia to Hold Emergency Talks on Fuel Prices Amid Surging Costs
The Russian government will hold an emergency meeting with oil companies on August 14th to address the significant surge in fuel prices. Gasoline prices have risen substantially since the beginning of the year, prompting officials to consider measures like increasing fuel sales quotas. This price increase follows a ban on gasoline exports and is exacerbated by Ukrainian drone strikes on Russian oil refineries, which are critical for Moscow’s revenue. The disruptions to refinery operations have further strained the domestic market and contributed to the rising prices.
John Q. Hosedrinker