February 01, 2023 16:25 GMT
EU Push for Oil Product Price Cap by Friday Ahead of Ban
The EU is aiming to agree a price cap on Russian oil products on Friday after postponing a decision on Wednesday amid divisions between member states according to Reuters reports.
- The European Commission proposed last week a price cap of $100/bbl on premium products like diesel and $45 for products like fuel oil.
- Poland and the three Baltic states are still pushing for the caps to be set at lower levels.