Price hikes fail to ease Russian woes

Journal Article · Mon Feb 24 04:00:00 EST 1992 · Oil and Gas Journal; (United States)

OSTI ID:5890564

Sharply higher prices decreed for early January by Moscow for crude, refined products, and natural gas have failed to ease the Russian republic's fuel shortages. In many parts of Russia and other areas of the new Commonwealth of Independent States, the fuel crunch appears to have intensified. Even the military, which formerly could count on plentiful fuel supplies while the civilian economy was strapped for energy, is being forced to curtail training because of reduced product deliveries. This paper reports that unconfirmed reports in Moscow say Russia may lift price controls on oil and coal no later than Apr. 1. Some Moscow economists believe freeing prices could provide a beneficial shock to depressed economies of C.I.S. members.

• OSTI ID: 5890564
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:8; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

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