Russian regulator demands explanation after one Moscow chain of petrol stations hikes prices by 19%

Russia's anti-monopoly watchdog, FAS, has requested an explanation from major petrol retailer Neftemagistral over a 19% price hike for 95-octane petrol in Moscow.

Russian regulator demands explanation after one Moscow chain of petrol stations hikes prices by 19%
  • Country:
  • Russia

​Russia's ​anti-monopoly watchdog on ‌Thursday asked ​a major petrol retailer ‌in Moscow for an explanation after it hiked prices ‌for 95-octane petrol by ‌19% in the last week.

FAS, the watchdog, sent the demand ⁠to ​Neftemagistral, ⁠a company which runs around 100 ⁠petrol stations in the ​Moscow region and in the ⁠capital itself.

The price hike followed ⁠Ukrainian ​drone attacks on a Moscow oil refinery, ⁠which supplies the Moscow region ⁠with ⁠fuel.

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