FAS issued a warning of “Rosneft” from-for decrease in sales of gasoline

MOSCOW, April 10. /TASS/. The FAS Russia issued a warning of “Rosneft” from-for decrease in sales volumes of motor gasoline with simultaneous acquisition on the stock exchange a significant part of volumes on the basis of delivery of OJSC “Surgutneftegas” of gasoline AI-92, according to the Agency.

According to FAS, these actions have created discriminatory conditions that hinder the acquisition of exchange goods by independent market participants, and limited supply of available volumes of goods on the stock exchange, which in turn could lead to the creation of the imbalance of supply and demand.

“As a result of the above actions during the period 28 March to 3 April 2018 growth stock index on this basis was about 2 percent,” – stated in the message.

FAS has demanded from “Rosneft” to eliminate the violation and its consequences until April 17.

In particular, the company should take measures to prevent creating discriminatory conditions for independent market participants on the exchange market, including by increasing sales volumes on the exchange market of oil products on the basis of production capacity of economic entities within the same group with JSC “NK “Rosneft”. Also, if necessary, purchase petroleum products on organized trading, Rosneft and entities of the group should purchase them from business entities within the same group with vertically integrated companies, exclusively in the extra session.

“On the implementation of the warning to inform the FAS of Russia within three days from the date of expiry of the period for its implementation,” – said the FAS.

A review of “Rosneft” has not yet TASS.