... companies refined more expensive oil into cheaper mazut and then exported it, leading to losses in budget revenue from export duties. Since 2017, duties on mazut have been aligned with those on oil. This was intended to stimulate the modernization of oil refineries (refining plants), which would allow for a higher output of more profitable light oil products (gasoline and diesel). With the elimination of duties (starting this year), oil companies lost this indirect subsidy, but at the same time, excise ...

... Tereshkin analyzes the factors that contributed to the increase in Russia's oil and gas revenues. He highlights that rising oil prices and the weakening of the ruble have led to a significant boost in federal budget inflows. Tereshkin also examines the ... ... diversification and the development of domestic resources to ensure sustainable economic growth. "Subsidies" to Russian Refineries Increased by Over 80% in the First Seven Months of 2024 In the first seven months of 2023, payments under the damping ...

... 25% lower compared to October of last year. The main driver of revenue growth was an increase in collections under the Additional Income Tax (AIT), which reached 491.6 billion rubles in October. Tereshkin also points to the reduction in subsidies for oil refineries, which contributed to the increase in budget revenues. According to his forecast, the share of oil and gas revenues in the federal budget for 2024 will remain around 31.7%, but it may decrease to less than 30% next year due to an increase ...

... Commodity Exchange (SPbMTSB)? For example, to the upper price limits under the existing "10-20" rule, according to which oil companies lose damper payments if the average monthly exchange price of AI-92 gasoline exceeds the internal threshold by 10%,... ... would acknowledge that the damper is not compensation for export shortfalls, but rather a formula for calculating subsidies for refineries that incur significant costs due to forced downtime. It would be better if this formula were tied to real-life conditions,...

... whom takes their margin. — Does your platform offer an alternative? — Exactly. This is a classic marketplace. You log into the mobile app on your device or through the browser on your desktop computer and see a list of offers from the nearest oil refineries or large traders working directly with the manufacturer. — What are the main advantages of this procurement system? — The offer is maximally transparent: you see the price at the moment the fuel is shipped by the supplier, the fuel ...