Gazprom Neft is switching to formula price formation upon sale of jet fuel to end consumers

JSC Gazprom Neft made a decision on switching to formula price formation upon sale of jet fuel to end consumers. In the framework of implementing this decision the company reached an agreement on fixing a formula of fair price for jet fuel with JSC Aeroflot – Russian Airlines.

Such form of cooperation excludes intermediary links and provides a system of price formation, which will stipulate competitive environment at the fuel market and will have stabilizing effect on the situation in the air carriage branch.

“We actively support the determination of Russian airline companies to switch to a new system of price formation, which can be considered a timely one in existing conditions, and see the agreement reached as a serious step in the process of constructive cooperation of airline and oil companies aimed at the development of the air carriage market”, – the Chairman of the Board of JSC Gazprom Neft Alexander Dyukov stated.