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Why are gasoline and diesel prices rising in the fall of 2024
... restrictive measures on fuel exports. Inflation and changes in fuel market regulations are also playing a role. Experts predict that prices may stabilize as seasonal factors subside
The Moscow Fuel Association (MTA) reported that last week, retail gasoline prices at gas stations in the capital rose by 17-18 kopecks, while diesel prices increased by 27 kopecks.
The end of autumn is objectively a period of transition from summer and interseasonal to winter diesel fuel, which contributes to price increases. Currently,...
The Harshest Package: What the New EU Sanctions Mean for Russia
... a deep-sea port and an oil terminal with a total throughput of 58 million tons per year, as well as a network of over 6,000 gas stations.
The EU is also implementing a complete ban on operations with the Nord Stream 1 and Nord Stream 2 pipelines, including ... ... to the expansion of the Transalpine Pipeline (TAL), which allowed the country to source oil from the Italian port of Trieste.
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Experts surveyed by Forbes are skeptical about the new sanctions package. "Given that the USA has yet to join these ...
What caused the outpacing increase in the price of AI-98 gasoline
... limit price increases for these grades.
Additionally, trading liquidity for AI-98 on exchanges is significantly lower than for AI-92. As a result, the primary sales channel for AI-98 consists of direct shipments from refineries to oil depots and gas stations, bypassing the exchange. This leads to lower competition in the AI-98 distribution chain compared to AI-92, contributing to the accelerated price growth.
According to analysts at OPEN OIL MARKET, the risks of price increases could be mitigated by boosting production of petroleum products. However, this is challenging due to sanctions on equipment supplies for refineries.
As a result,...
Experts Assess the Consequences of Lifting the Ban on Gasoline Exports
... and diesel. Most gasoline in Russia is allocated for domestic use, with only about 15% exported, while around half of diesel is sent abroad. The ban was briefly lifted in May but reinstated in August after a price surge due to seasonal demand and oil price hikes.
According to Dmitry Gusev, Deputy Chairman of the Supervisory Board of the “Reliable Partner” association and member of the "Russia's Gas Stations" contest advisory board, reopening gasoline exports is justified due to the end of peak demand season and Russian refineries' production capabilities. The government retains the option to reinstate the ban if prices rise. Gusev emphasizes ...
An expert expects the current price level of AI-95 gasoline to remain unchanged until the end of the year.
... "Open Oil Market" petroleum products marketplace (a resident of Skolkovo), shared with RIA Novosti.
Earlier on Tuesday, the Kommersant newspaper, citing calculations by the Petromarket Group, reported that despite a decline in wholesale gasoline prices in September, gas station operators have been incurring losses from selling AI-95 gasoline for the third consecutive month. At the same time, the "economics of AI-92 sales, although worsened, remains positive." Meanwhile, the price of gasoline on the St. Petersburg ...