Russia orders seven oil cos to lower prices
Sunday, 19 October 2008
MOSCOW, Oct 18 (AFP): Russian authorities ordered seven leading oil companies to lower their rates on Thursday after President Dmitry Medvedev lashed out at "disgusting" prices for airplane fuel.
The Federal Anti-Monopoly Service sent "a warning about the need to lower prices for petroleum products to market levels" to Lukoil, Gazprom Neft, Rosneft, TNK-BP Holding, Surgutneftegaz, Tatneft and Alyans, the service said in a statement without giving further details.
The companies regularly top the list of Russia's biggest oil producers.
Earlier, Medvedev called for strong measures to deal with high prices for airplane fuel, which have led to the cancellation of dozens of domestic flights in Russia.
The Federal Anti-Monopoly Service sent "a warning about the need to lower prices for petroleum products to market levels" to Lukoil, Gazprom Neft, Rosneft, TNK-BP Holding, Surgutneftegaz, Tatneft and Alyans, the service said in a statement without giving further details.
The companies regularly top the list of Russia's biggest oil producers.
Earlier, Medvedev called for strong measures to deal with high prices for airplane fuel, which have led to the cancellation of dozens of domestic flights in Russia.