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Sergey Tereshkin: Adjusting the damper may lead to an increase in exchange fuel prices.
... increase their margin by inflating the exchange prices for one type of fuel while receiving subsidies for another.
It was previously reported that the government plans to change this rule by splitting the damping payments by fuel type—gasoline and diesel fuel (DF). Exceeding the maximum 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 ...
An expert expects the current price level of AI-95 gasoline to remain unchanged until the end of the year.
... AI-95 sales will be close to zero," Tereshkin believes.
Additionally, he noted that seasonal factors no longer play a key role in shaping fuel prices. Traditionally, gasoline prices peaked in spring and early summer due to increased car travel. Diesel fuel prices, in contrast, tended to rise sharply during the harvest season.
However, this year, the key market influence has been reduced gasoline production caused by damage to refinery infrastructure, according to the expert. "To stabilize the fuel ...
Gasoline Stock Market Price Sets New Records
... products marketplace Open Oil Market:
Sergey Tereshkin
General Director of the Oil Products Marketplace Open Oil Market
“In new regions, fuel is sourced from other subjects of the Russian Federation. Companies involved in the retail sale of gasoline and diesel incorporate transport costs into the final price of these products. Consequently, there is an increased risk of rising retail prices. The Federal Antimonopoly Service (FAS) can compel gas station chains to lower fuel prices; however, administrative measures are not effective in the long term. ...
Gasoline Outpaces Inflation: Will Prices Continue to Rise at Gas Stations?
...
According to energy expert Kirill Rodionov, the complete ban on exports will stabilize retail gasoline prices in the coming month, bringing them back within the inflationary range. Rodionov agrees that the sector requires new mechanisms to stabilize prices. The simplest solution would be to increase the mandatory volumes of exchange sales of fuel from the current 15% for gasoline and 16% for diesel to 33% and 50%, respectively, at least for those refineries located in the European part of Russia. He insists that competition mechanisms must be incorporated in the market.
Source:
RG.RU
Failure of Manual Management: Why Stock Prices for Gasoline are Rising
... producers for the difference; conversely, companies must make payments to the budget. The export price is based on the Rotterdam gasoline price, while the domestic price is a fixed threshold of 60,450 rubles per ton. The damper is nullified if wholesale prices for gasoline and diesel exceed indicative prices by more than 10% on average over a month.
Gasoline prices in Rotterdam have decreased this year following a decline in oil prices. Tereshkin from Open Oil Market states. Finance Minister Anton Siluanov
reported
that the ...