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Tax Maneuver in the Oil Sector: Risks of «Manual Control»

Andrey S. Kaukin – Head of Department for System Analysis of Sectoral Markets of the Russian Presidential Academy of National Economy and Public Administration; Head of Sectoral Markets and Infrastructure Department of the Gaidar Institute, Candidate of Economic Sciences (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Eugenia M. Miller – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The term of an agreement signed by the Federal Anti-Monopoly Service (FAS), Minenergo, and oil companies on price freeze on petrol and diesel fuel expired on July 1, 2019. It is envisaged that the damping mechanism will ensure the price growth in line with inflation in the months to come although the parameters of such mechanism have not been defined. Delaying with decision making on this issue moreover in the context of potential deterioration of the macroeconomic conditions can increase risks for a strong possibility of «manual control» and price freeze

Key words: tax maneuver, industry, oil companies, vertically integrated oil company, oil, refineries, the EPDP, damping factor.