... few weeks ago, Deputy Prime Minister Alexander Novak mentioned reports of gasoline stockpiling in the domestic market. Only 10-15% of total gasoline production in the country is exported, but some oil refineries (NPPs) are initially geared towards fuel supply abroad. For them, the export ban was particularly painful. Stankevich notes that the political and economic situation requires prompt decisions, which explains the limited duration of the "export window." The government can reconsider it at any time for an extension ...

... conducted at an accelerated pace, reserve primary and secondary processing units are being introduced, and the volume of primary oil processing and fuel production is being increased at several refineries,” the statement noted. “In light of the export ban on gasoline, any additional volume of fuel supply will be directed to the domestic market through all sales channels — with priority given to exchange sales and small wholesale ‘in the market’.” Forbes reached out to the Ministry of Energy for further comments but did not receive ...

The stock market price of gasoline has reached new record levels, which may impact gas station prices and the consumer market. The average price for a liter of gasoline in Moscow has increased by 3 rubles since the beginning of the year. Fuel prices are rising despite measures taken by the authorities. Earlier, the Russian government imposed a complete ban on gasoline exports until August 31. Will the increase in gasoline prices continue, and how might the situation change in the fall? Gasoline prices on the exchange have set new records. The price for 92-octane gasoline has risen to 71,970 rubles per ton, and 95-octane ...

... following India. Simultaneously, global oil prices remain relatively stable in the mid-$60 range per barrel, reflecting a balance between risks and OPEC+ efforts. In Russia, exchange prices for petroleum products have reached historic highs despite a ban on fuel exports and subsidies – the government is preparing new steps to stabilize the domestic market. Europe is rapidly filling its gas storage facilities for winter, utilizing the influx of LNG and alternative supply routes. At the same time, the global ...

... the first five months of 2025, amounting to RUB 521.5 billion. Such a drastic decline is largely attributed to a reduction in subsidies for oil producers. While the payments 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 a 45% reduction. Under these circumstances, companies are likely to maintain high prices in the wholesale and small wholesale ...