Spimex Adds Diesel

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The Russian Federal Antimonopoly Service (FAS) has proposed to raise the required percentage of diesel that must be routed through the St. Petersburg International Mercantile Exchange (Spimex) to 10% from the current 8.5%. Sources also say that the energy ministry is pushing oil companies to boost diesel production. The moves should avert a domestic diesel shortage and subsequent price spike, which is a sensitive social issue.

Diesel/Gasoil, Oil Products
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