Ministers in the Russian Government have suggested an amendment in legislation to deprive oil companies of the right to raise prices of their petrochemicals. This will ensure that oil companies cannot raise prices of their output ahead of inflation. Oil market in Russia is divided between several majors, with one oil company holding over 50% of the market share in 45 regions.
State regulation of the market will result in the shortage of petrochemicals, It seems mandatory to demonopolize the wholesale and retail market of petrochemicals as a way of combating the growth of fuel tariffs.
14-Apr-05 
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