Oil products trade starts at the St. Petersburg Exchange on March 3, 2008. According to the press center of the Exchange, commercial suppliers and consumers are expected to participate while from April 1, 2008 auction trading will become available for budget-holding organizations, RBC reports.
On February 15, the St. Petersburg Exchange coordinated the rules auction trading by oil products. The list of oil products to be purchased at the Exchange is developed jointly with the Ministry of Economic Development of the RF on January 11, 2008. The list includes several types of gasoline, diesel fuel, residual oil and jet fuel.