... gasoline and diesel fuel. Tereshkin also notes that it will take about six months to fully restore pre-crisis sales levels of new cars. Additionally, the article examines the impact of government measures, such as extending the permission for gasoline exports, on the fuel market situation. MOSCOW, July 4 - PRIME. The rise in fuel prices at Russian gas stations is attributed to the recovery of the automotive market in the country, as well as seasonal demand growth, according to Sergey Tereshkin, CEO of the petroleum ...

... from accidents and drone attacks. Local supply disruptions in some regions led to panic on the exchange. In response, the government quickly intensified manual regulation of the fuel market, implementing the following measures for rapid stabilization: Export Ban on Fuel. A full temporary ban on the export of gasoline and diesel fuel, introduced in early August, has been extended at least until the end of September. This restriction applies to all producers — from vertically integrated oil companies to independent ...

... embargo, he adds. Finally, independent retail operators have been operating at a loss for several months when selling gasoline, Dyachenko reminds. This issue may worsen due to rising interest rates or the risk of price increases upon the resumption of exports. The expert concludes: the fuel market is currently in a balanced, but fragile, state. Therefore, the government may need to consider export quotas and allow exports from refineries facing difficulties due to their location and specifics, he concludes. Translated using ...

... 127.2 thousand units, which is more than in May 2021 (147.4 thousand, according to the Autostat agency). The overall recovery of the automotive market coincides with the seasonal increase in demand, one of the indicators of which is the reduction in fuel exports. According to S&P Global Platts, maritime fuel exports from Russia decreased by 480 thousand barrels per day (bpd) from February to May 2024, down to 2.13 million bpd. Another factor in the price rise is the increasing costs for Russian refineries....

... recovering last month. In July 2024, the volume of seaborne exports to foreign markets increased by 140,000 b/d to 2.27 million b/d. Overall, regulating the industry is always a balance between 'carrot and stick.' It's no coincidence that the latest export ban coincided with the Finance Ministry’s draft law on splitting the fuel damper mechanism. Currently, oil companies may lose damper payments if exchange prices for AI-92 gasoline or diesel fuel exceed the threshold set in the Tax Code. However, under the draft law, the damper would only be nullified for the specific ...