Service to Look Into Jet-Fuel Pricing

The Federal Anti-Monopoly Service opened an investigation Tuesday into jet-fuel price fixing by the country's top oil producers after Prime Minister Vladimir Putin said he would sack officials if they did not fix the problem.

Russians are crying foul over soaring ticket prices during the summer holidays, while airlines blame oil firms and major fuel distributors for price fixing of jet kerosene, which they say accounts for one-third of their total costs.

The service, which in the past has opened similar cases but failed to impose any big fines or take administrative steps to stop market abuse, said it had opened the investigation into all major Russian oil firms.

It listed LUKoil, Rosneft, TNK-BP, Surgutneftegaz and Gazprom Neft among those it suspects of breaking anti-monopoly legislation.