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URGENT: Oil companies overstate prices -- Audit Chamber

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MOSCOW, July 4 (RIA Novosti) - Some oil companies overstated oil prices by more than 25% in 2004 and in the first quarter of 2005, an auditor said Wednesday at a session of the upper chamber of parliament, the Federal Council.

"The price of petroleum products sold by these companies exceeded the level of the first quarter of 2004 by over 70%," the auditor said.

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