8/5, 12:38 PM (Source: TeleTrader)
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Novak, oil firms to discuss fuel prices on August 9 - report

Russia's Deputy Prime Minister Alexander Novak (pictured) will have a meeting with representatives of the country's largest oil companies to discuss the rising prices of gasoline and diesel fuel, the TASS reported on Thursday, citing two sources familiar with the matter.

According to the outlet's sources, the two sides are also going to discuss the ways to stabilize "the situation on the oil market in Russia" in general.

Russian authorities are currently considering bans on gasoline exports, as well as agreements with companies to "freeze prices," the report stated.

Breaking the News / BU