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Belarusian Petrol Stations Wish To Raise Prices For Petrol Again

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Belarusian Petrol Stations Wish To Raise Prices For Petrol Again

A special meeting on the subject was held in the Concern "Belneftekhim".

The heads of the Belarusian gas station networks stand for the further increase of prices for the automotive fuel. They said this during the meeting in the Concern "Belneftekhim", the Concern’s website belneftekhim.by reports.

The meeting was attended by the heads of FLLC "Gazpromneft-Belnefteproduct", JV "United Company", FLLP "Tatneft-Belnefteproduct", JV "NefteKhimTreyding", FLLC "LUKOIL Belarus", ALC "Astotreyding", LLC "RN-West", FE " Slavneftekhim "JSC, the concern has informed.

Discussing the pricing policy with regard to petroleum products, the gas stations owners noted a low or negative return on the work upon the results of the first quarter 2017 due to low prices for motor fuel, and limited marginality of the sales. In addition, they said, the growth of oil prices in April practically nullified the positive economic effect on the growth of retail prices for gasoline and diesel fuel.

In addition, the heads of the gas station networks also stressed the interest in economically justified prices that will ensure business efficiency and maintain a sufficient volume of sales of oil products in Belarus. They identified the price level of the Belarusian gas stations that allows to achieve these goals in the amount of 5-10% higher than in the Smolensk region of Russia.

The representatives of the companies called on "Belneftekhim" to discuss the possibility of self-establishment of implementer price for winter diesel fuel, the qualitative characteristics of which differ from the one sold at petrol stations, as well as to establish an association of companies - gas stations owners, which would allow to develop harmonious position of all market participants on various issues and to defend the branch’s interests better at the governmental level.

The heads of the gas station companies were informed about the possibilities of long-term cooperation with refineries or operative wholesale purchase of fuel at the petroleum storage depots of the "Belarusneft".

Important to note, the prices for the automobile fuel in Belarus already grew this year: on March 11 and 18, and on April 1 and 8. In total, the fuel has risen in price by more than 3% in 2017. At the same time, the last time the prices for fuel grew in Belarus before was January 13, 2015.

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