Russia mulls price caps at gas stations, expert warns of mass ‘out-of-stock’ signs
Russia’s Federal Antimonopoly Service has been asked to impose maximum prices at gas stations as fuel shortages worsen across the country, pro-government media outlet Izvestia reported on Oct. 14.
The proposal, initiated by the Russian National Automobile Union, comes amid a deepening supply crisis exacerbated by Ukraine’s escalating drone strikes on Russian oil infrastructure.
The request urges to cap fuel prices using a regional index tied to 2024 averages and inflation levels.
“We consider it appropriate to introduce a price cap at gas stations — a special control mechanism,” Anton Shaparin, head of the automobile union, told Izvestia.
The antimonopoly agency confirmed receipt of the proposal and said it would review it according to…