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Gazprom Headed for Longest Losing Streak in 4 Months on Pricing

March 22 (Bloomberg) -- OAO Gazprom dropped after Russian Economy Minister Elvira Nabiullina said she will oppose a request by the country’s gas exporter for an increase in domestic prices for the fuel by about 26 percent this fall.

Gazprom sank 2.1 percent to 181.58 rubles as of 5:52 p.m. in Moscow, dropping for a fifth day and poised for its worst losing streak since Nov. 24.

“We don’t support above-forecast increases for services provided by natural monopolies,” Nabiullina told reporters in Moscow today.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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