Price cap coalition sets two price levels for petroleum products
Products that trade at a premium to crude — such as diesel, kerosene and gasoline — will be capped at $100 per barrel. Elsewhere, those products that trade at a discount to crude, such as fuel oil and naptha, will be capped at $45 per barrel
The Group of Seven nations and Australia have agreed to set a price cap for Russian oil products. It will take effect on February 5 or as soon as is practicable thereafter