... summer when weekly growth rates reached up to 0.6%. Oil companies will hold back prices to achieve the lifting of the export ban," Tereshkin told the agency. One of the current drivers of rising gasoline prices, according to the expert, is the oil companies' costs due to forced downtime at refineries. "The profit and loss balance of Russian refineries over the past eight months has decreased by 34%. Rising costs are pushing up wholesale prices, which in turn affect retail fuel prices," Tereshkin explained. For the gasoline ...

... A Column by Sergey Tereshkin for RBC. In the fall of 2024, prices for gasoline and diesel fuel in Russia are increasing due to several factors. The primary reasons include a rise in global oil prices, seasonal demand fluctuations, maintenance at oil refineries, and restrictive measures on fuel exports. Inflation and changes in fuel market regulations are also playing a role. Experts predict that prices may stabilize as seasonal factors subside The Moscow Fuel Association (MTA) reported that last ...

... companies little incentive to limit price increases for these grades. Additionally, trading liquidity for AI-98 on exchanges is significantly lower than for AI-92. As a result, the primary sales channel for AI-98 consists of direct shipments from refineries to oil depots and gas stations, bypassing the exchange. This leads to lower competition in the AI-98 distribution chain compared to AI-92, contributing to the accelerated price growth. According to analysts at OPEN OIL MARKET, the risks of price increases ...

... wholesale prices have decreased by 2–3%, which contributes to further stabilization," the experts conclude. "Retail margins on AI-95 gasoline will be close to zero until the end of this year," says Sergey Tereshkin, CEO of the Open Oil Market petroleum marketplace. Unlike AI-92, AI-95 is not considered in the calculation of payments under the damper (a budget subsidy mechanism for refineries to stabilize fuel prices), which makes its exchange prices significantly higher. As a result, by September 10, they were almost 15% higher than AI-92. "In the fall and early winter, the price difference may reach 30%: oil companies need ...

... impact. Fuel prices at gas stations are likely to react to these restrictions, as India is one of the largest fuel suppliers to Europe," Kosareva noted. According to Dmitry Kasatkin, India will maintain its neutrality, but the EU's pressure on refineries is an attempt to limit the processing of Russian oil into products that would then be sold to third countries, including Europe through blending. Igor Yushkov, an expert at the Financial University under the Government of the Russian Federation, referred to the 18th package as "arguably the most ...