News // Companies
Russia's Oil Majors Not to Raise Petroleum Prices
22 September 2005 , 12:43576
Russia?s leading oil companies have agreed to freeze pump and oil product prices until the end of 2005 after meeting with Russian Industry and Energy Minister Viktor Khristenko.
The representatives of such oil companies as Lukoil, TNK-BP, Rosneft, Sibneft, Surgutneftegaz and Tatneft representatives reportedly attended the meeting on Monday. They made a decision voluntarily not to raise prices on the domestic market until the end of the year.
Russia?s leading oil producer Lukoil earlier announced it would freeze prices on gasoline and diesel throughout its service station network until the end of the year after protests from consumers and the Russian parliament against rising fuel prices ahead of the winter season.
Meanwhile, world oil prices climbed by more than $4 on Monday as Tropical Storm Rita headed for the U.S. Gulf of Mexico. Opec ministers appeared to favor leaving crude output unchanged for now.
16:01 04.02.2019Russia has 2nd-lowest gas price in Europe
14:06 12.10.2018LUKOIL commissions 5th well at Filanovsky field 2nd stage
10:10 31.10.2017Sanctions force Rosneft to shut down oil project
10:10 18.05.2017Italy and Russia energy companies firm up partnerships
18:00 27.04.2017Belarus-Russia oil and gas agreements honored in full
17:11 28.04.2016Igor Sechin on a Working Visit to Indonesia