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2010 March 26   06:33

Russian market of oil products to maintain smooth increase in prices, experts say

In the nearest future gradual increase in prices in the Russia's market of oil products is likely to remain. Such forecast is given in the analytic material Vergen Group. Seasonal increase in demand for fuel will contribute to growth in prices. In addition, the regional markets do not offer adequate supply of petroleum products, since most of the volumes would be contracted by the end of the month.

In addition, supply of domestic market is limited to positive export performance at the time when prices for oil and petroleum products in foreign markets are extremely high.

At the same time, during the tender for the supply of the April volume of crude oil to refineries in the country the cost of raw materials has fallen below 8000 rub. /tone at the metering station of West Siberian oil, which can somewhat limit the increase in prices of petroleum products in the next period.

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