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Petrol Retail Prices May Grow Higher Than Inflation In 2017
10.12.2017 12:13
Petrol Retail Prices May Grow Higher Than Inflation In 2017

Petrol retail prices may grow higher than inflation in 2017. The Deputy Prime Minister Arkady Dvorkovich reported about this to journalists. “Due to the increase in taxes, some rise of petrol prices is surely inevitable” - Dvorkovich said.

      He noted the increase in prices is within “general inflation expectations” during the three-year period. Dvorkovich explains the growth in petrol prices above the level of inflation by low inflation in 2017.

      “Our inflation has fallen sharply, so, maybe, petrol prices will really grow a little bit more within the year” - the Deputy Prime Minister explained.  On November 27 the Russian President Vladimir Putin signed a law aimed at the indexation of excises for petrol in the years of 2018-2022.


Author: Anna Dorozhkina


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