... unstable global situation, oil prices continue to fluctuate, reflecting the dynamics of supply and demand in energy markets. Amid these changes, there is an increasing emphasis on the development of renewable energy sources and oil refining. Currently, fuel companies are striving to adapt to new conditions, ensuring the stability of supplies and competitiveness of their products. This article examines the main trends and factors affecting the energy market, as well as forecasts for the near future of domestic ...

... noted by Sergey Tereshkin, head of the OPEN OIL MARKET fuel marketplace, exchange prices for fuel have only an indirect impact on retail prices. Over 80% of gasoline sales occur in the off-exchange segment—shipments from refineries and oil depots. Fuel station prices depend more on taxes and oil companies’ costs than on barrel quotes. Off-exchange wholesale fuel prices generally follow exchange prices with some delay. For retail prices to respond to a decline in wholesale prices, even more time is needed, and the decline in quotes must continue ...

... administratively restrained and lag behind exchange prices. The Russian government is gearing up for urgent actions to stabilize the situation. Deputy Prime Minister Alexander Novak has called for a special meeting on August 14 with the leadership of major oil companies to discuss measures to curb fuel prices – additional support measures for the market are expected to be discussed. Among the steps being considered are: Increasing the mandatory sale quotas for gasoline and diesel on the exchange from the current 15% to 17% of production volumes,...

... to resume exports. Accidents at several major oil refineries have led to a reduction in gasoline production and a spike in prices. Repair of damaged facilities may take from one month to six months, limiting the possibilities for quickly increasing fuel supply. Novak urged oil companies to maintain sufficient sales volumes in the domestic market and to refrain from purchasing fuel from each other on the exchange since such trades have driven up prices. Previously, during the peak fuel crisis of 2023, the government already ...

... established price for one type of fuel will not affect payments for the other type. The damping mechanism compensates part of the difference between the indicative fuel price set by the government and its export price. It is paid from the budget to oil companies for wholesale fuel supplies to the domestic market with a deviation from the indicative price (on average for the month) of no more than 10% for gasoline and no more than 20% for DF. Currently, if either of these values is exceeded, the damping is nullified. The ...