Russian regulator demands explanation after one Moscow petrol retailer hikes prices by 19%


A view shows petrol pump nozzles at a fuel station of Neftmagistral company in Moscow, Russia, September 8, 2023. REUTERS/Maxim Shemetov

MOSCOW, June 18 (Reuters) - ⁠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 Neftmagistral, 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. Neftmagistral ​declined to ‌comment on the regulator's request.

The price for ⁠95-octane petrol ​at Neftmagistral stood at around 95 roubles ($1.30) per litre on Thursday, up from around 80 per ⁠litre on June 15.

The Moscow region ​has so far escaped fuel supply disruptions which have affected some other regions after Ukrainian drone ⁠attacks on refineries in recent months.

Reuters witnesses did not see any queues at Moscow's petrol stations and Russian oil majors operating petrol stations in ​Moscow posted much lower prices ⁠than Neftmagistral on their websites. Rosneft said 95-octane ​petrol at its own Moscow ‌petrol stations cost 73.6 ​roubles on Thursday.

($1 = 73.3500 roubles)

(Reporting by Reuters; Writing by Gleb BryanskiEditing by Andrew Osborn)

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