News > G7 coalition said to agree on setting fixed price for Russian oil

G7 coalition said to agree on setting fixed price for Russian oil

The Group of Seven rich nations and Australia have agreed to set a fixed price when they finalise a price cap on Russian oil later this month, rather than adopting a floating rate, sources said on Thursday. “The Coalition has agreed the price cap will be a fixed price that will be reviewed regularly rather than a discount to an index," said a coalition source.