Russian govt must have right to suspend zeroing of fuel damper due to force majeure - oil exec

TYUMEN. Sept 18 (Interfax) - The Russian government should have the right to suspend the reduction of the fuel damper subsidy to zero amid force majeure circumstances, the CEO of oil company Gazprom Neft , Alexander Dyukov told reporters on the sidelines of the TNF-2025 Industrial and Energy Forum.

He said the damper certainly needs to be fine-tuned now. "We are counting on the passage of amendments to the Tax Code to raise the cut-off thresholds as of August 2025, and also to give the Russian government the right to suspend the zeroing of the damper in light of force majeure circumstances," Dyukov said.

He said situations sometimes arise when the fuel damper simply cannot work. "To try to refine the damper so as to factor in all possible scenarios is an unrealistic task," he said.

"In some cases the government should have the right to make a decision to suspend the zeroing of the damper, even if its current parameters are not being fulfilled," Dyukov said.