The subject of the Working Group’s third session (September 2012, Kazan) was the monitoring of the oil and oil products markets, which the Working Group’s participants constantly observe both by direct use of competition authorities’ resources and means and within the system of the state and branch departmental statistics, taking into account social and economic importance of these commodity markets.

The Working Group noted importance and efficiency of the automatic data base being used for collecting and processing information in particular, in Austria, Russia, Ukraine, USA, and other countries.

Austria's experience. The Austrian Federal Competition Authority demonstrated its system for monitoring of the prices at fuel stations created with support of the Austrian public authority E-Control. This system is automatically updated and allows to graphically display information about prices in different regions of Austria in on-line mode on the Google Map.

Russia’s experience. FAS Russia uses an automatic system for weekly collection and statistical processing of data on wholesale and retail prices and volumes of oil products in 83 regions of the Russian Federation. Data are divided by large oil companies (VIOC) and independent market players. The FAS Russia also monitors exchange and OTC prices of oil products in the federal wholesale market, and Net Back world prices.

U.S. experience. The statistical model developed by the U.S. Federal Trade Commission allows for daily collection and analysis of data on retail prices of 360 U.S. cities and the wholesale prices of 20 key urban areas at wholesale.

Ukraine's experience. In Ukraine, an automatic system collects the information from large market operators for the database of the Ukrainian Antimonopoly Committee.

 

The Working Group on

Investigating Issues on Pricing in the Oil and Oil Product Markets and Methods of their Functioning

Third Session

MINUTES

September 11, 2012

City of Kazan

 

The Russian Federation

 

         The third Session of the Working Group on Investigating Issues on Pricing in the Oil and Oil Product Markets and Methods of their Functioning (hereinafter referred as the “Working Group”) was organized within the framework of the International Event “The Russian Competition Day”, which was held from 11 to 13 September 2012 in the City of Kazan, Russia.

         In accordance with Paragraph 3.2.3 of the Minutes of the first session of the Working Group dated January 25, 2012 and the Block Diagram of the Main Activities of the Working Group on Investigating Issues on Pricing at the Oil Product Markets and Methods of their Functioning in the Near Future (see Supplement No.2 to these Minutes), the objective of the third Session of the Working Group was to discuss the existing approaches to monitoring and analysis of the wholesale and retail markets of oil and petroleum products.

  1. 1.     On Monitoring and Analysis of the Wholesale and Retail Markets of Oil and Petroleum Products:

(A.Golomolzin, T.Thanner, M. Sebastião, A.Iskakov,P. Galvan, O.Timoshchuk)

1.1.         Presentations and discussions:

1.1.1.  Presentation by A. Golomolzin “Monitoring and Analysis of the Wholesale and Retail Markets of Oil and Oil Products” on Russia's experience on wholesale and retail market prices, volumes of oil products sold to the companies included in vertically-integrated oil companies as well as independent companies, and volumes of oil products at oil depots;

1.1.2.  Presentation by T. Thanner “Proposal for a Common Platform for Information Exchange” on forming a collective database to exchange information on oil and oil products markets;

1.1.3.  Presentation by M. Sebastião The Monitoring of Prices in the Oil and Oil Product Markets. The Case of Portugal, a Non-Oil Producing, Small Open Economy”;

1.1.4.  Presentation by A.Iskakov “The role of Antitrust Agency of Republic of Kazakhstan on the Oil Market”;

1.1.5.  Presentation by P. Galvan “U.S. Experience in Assessing Petroleum Product Prices and Price Changes”;

1.1.6.  Presentation by O. Timoshchuk “Price Monitoring in the Markets of Light Oil Products in Ukraine” on mechanisms of the oil product market monitoring in Ukraine along with demonstration of the hardware-software complex “Market Analysis of Petroleum Products” created in 2012.

1.2.         The following was noted:

1.2.1.  importance of monitoring, as on the basis of monitoring outcome forecasting is possible for developing state antimonopoly policy and control over mergers and acquisitions;

1.2.2.  clearly positive effects of discussions held in the course of the third session of the Working Group;

1.2.3.  importance and efficiency of the automated system employed for collecting and processing information used already in Austria, the Ukraine and the USA;

1.2.4.  positive experience of Ukraine in implementation of the hardware-software complex “Market Analysis of Petroleum Products”.

Decisions:

1.1.         A common database to exchange information on oil and oil products markets (hereinafter referred as the “Platform”) shall be formed taking into account the following:

1.1.1.  it should provide a common tool which enables competition agencies to exchange basic information in an un-expensive and easily accessible way; 

1.1.2.  need for placing information on to the Platform based on the forms, regularity and structure of information, monitoring objects, and the main indicators;

1.1.3.  need for prompt and adequate coverage of current information, as it is essential for competition authorities;

1.1.4.  possibility of providing information on statistical data

1.2.         The FAS Russia and the Austrian Federal Competition Authority shall develop a common proposal concerning the Platform.

1.3.         The proposal will be transmitted to the members of the Working Group who will be invited to forward their suggestions.

  1. 2.        On Future Meetings of the Working Group

(A.Golomolzin, V. Tsushko)

2.1.         To accept the proposal of Anatoly Golomolzin, the Co-Chair of the Working Group, the Deputy Head of FAS Russia, to hold the fourth session of the Working Group on October 4-5, 2012 in London (the United Kingdom), where meetings with international agencies “Platts” and “Argus Media”, as well as with “ICE Futures Europe” will be organized. During the fourth session the formation of prices in world markets, and their broadcast on national markets.

2.2.         To accept the proposal of the Working Group’s member, the Chairman of the Antimonopoly Committee of Ukraine Vassily Tsushko on the fifth, final, meeting of the Working Group within the framework of the 37th session of the Interstate Council for Antimonopoly Policy (ICAP) to be held in Kiev (Ukraine), on November, 7-9 2012.

Опыт США в осуществлении анализа цен нефтяных продуктов и изменений цен (П. Галван)
(PDF, 372.09 Kb)
Предложение по выработке общей платформы для обмена информацией (Т. Таннер)
(PDF, 341,74 Kb)
Приложение 2 - Блок-схема основных направлений Рабочей группы
(PDF, 426,03 Kb)
Проведение мониторинга и анализа оптовых и розничных рынков нефти и нефтепродуктов (А. Голомолзин)
(PDF, 3,23 Mb)
Протокол 3 - Рабочая группа по нефти
(PDF, 416,2 Kb)
Роль антимонопольного ведомства Республики Казахстан на рынке нефтепродуктов
(PDF, 827,43 Kb)
Ценовые мониторинги на рынках светлых нефтепродуктов в Украине (О. Тимощук)
(PDF, 2,7 Mb)