OREANDA-NEWS. November 25, 2014. The Advisory Council at the Chairman of the State Duma Committee on the Power Industry on developing regional and municipal power industry in the Russian Federation discussed “Developing Fuel-and-Energy Complex in the Republic of Crimea and Sebastopol, a city with federal status, as the basis for social-and-economic development of the region”.

Participants included representatives of federal specialized ministries, the heads of executive and legislative bodies in the Republic of Crimea and Sebastopol, a city with federal status, as well as top managers of the largest energy companies.

The Head of the Department of the Federal Antimonopoly Service (FAS Russia) for Control over Fuel-and-Energy Complex, Dmitry Makhonin, took part in the Advisory Council.

“FAS pays special attention to developing competition in the Republic of Crimea, particularly, in the fuel-and-energy complex”, emphasized FAS representative. Today there is a sustainable downward trend for the gasoline price in the Republic of Crimea towards the average Russian price. The prices for diesel fuel in the Republic of Crimea already match the average Russian price”.

He pointed out that “at the moment there are also established relations between fuel sellers in the Republic of Crimea and suppliers operating in the inland part of the Russian Federation which is a sign of stable supplies of oil products to the peninsula”.

The major factors affecting the costs of oil products in the Crimean peninsula are logistic costs, particular, the costs for Kerch ferry crossing.

“FAS will continue monitoring the prices for oil products in the Republic of Crimea. We also plan to support development of exchange trading with oil products on the basis of Feodosiya Oil Depot”, said Dmitry Makhonin.