In the second half of August 2008, the company’s plants reduced factory prices for AI-92 gasoline by 12%, AI-80 gasoline by 5%, diesel by 5% and jet fuel by 5%.
In the first half of August 2008, Lukoil’s refineries have reduced factory prices for diesel fuel by 7%, fuel oil by 8% and jet fuel by 4%.
Lukoil expects that such pricing will lead to considerable retail price decreases at the company’s filling stations in a number of regions in Russia. Lukoil owns four refineries in Ukhta, Perm, Nizhny Novgorod and Volgograd, as well as two mini refineries located in Urai and Kogalym in western Siberia.
