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Thursday, December 5, 2024: Analysis of Key Events and Reports

... flexibility from Russian companies' strategic planning. U.S. Natural Gas Inventory Data: The publication by EIA regarding natural gas inventories could affect global gas prices; typically a decrease leads to price increases beneficially impacting Russian gas exporters like Gazprom. However, increased liquefied natural gas (LNG) exports from U.S. to Europe might intensify competition within traditionally important European markets affecting Russia's position amidst rising LNG supply against higher regional ...

The rise in diesel prices may accelerate by the end of summer, but it will not exceed inflation.

... prices briefly exceeded 75,000 rubles per ton, according to the expert. The difference between winter and summer diesel at gas stations is typically two to three rubles per liter. Winter diesel has another similarity to AI-95 gasoline. The exchange ... ... subsidy payments. These payments compensate part of the difference between the indicative price set by the government and the export price of fuel. The subsidy is paid to oil companies for wholesale fuel deliveries to the domestic market, with a deviation ...

Gasoline Outpaces Inflation: Will Prices Continue to Rise at Gas Stations?

... under the "damping" mechanism (compensations from the budget for fuel supplies to the domestic market at prices below export levels) totaled RUB 985.9 billion in the first half of 2024, the equivalent figure fell to RUB 544.7 billion in 2025, marking ... ... Chairman of the Supervisory Board of the "Reliable Partner" association and a member of the expert council for the "Gas Stations of Russia" competition, believes that it's not particularly meaningful to worry about weekly price growth figures....

Wholesale prices for gasoline in Russia have started to decrease.

... are lifted earlier than planned or if new accidents occur at refineries. Tereshkin believes that oil companies will keep gasoline and diesel prices in check until the end of the year, but a price surge may occur in early 2025 due to the lifting of the export embargo and the annual excise tax increase. Fuel prices at gas stations will continue to rise slowly, following inflation, according to Kotov. He believes that gas stations have returned to a "relatively normal" level of profit due to the drop in wholesale prices. Kaufman expects a slowdown in retail ...

Not Much Fire: Why the Government Banned Gasoline Exports

... by 36% since the start of the year. According to the latest published data from Rosstat, as of July 21, AI-92 gasoline at gas stations averaged 57.66 rubles per liter, up by 1.1% since the beginning of the month and by 4.5% since the end of last year.... ... actions, believing that there was no need for them, as the market's demand for petroleum products was fully satisfied. Why the Export Ban? The introduction of a temporary ban on gasoline exports from Russia in August 2025 relates to a combination of factors ...