Found: 47

Starting from August 1, the ban on fuel exports will be reinstated. What does this mean for the market?

... RBC: Starting from August 1, 2024, Russia will reintroduce the ban on gasoline exports, which will last at least until September. This decision was made amid rising wholesale fuel prices: from May 20 to July 30, the price of AI-92 increased by 13%, and AI-95 by 29%. The price hike is driven by high demand and scheduled maintenance at oil refineries. Experts note that this model of regulation, which includes temporary export bans, could become a permanent practice for stabilizing the domestic fuel ...

Gas Prices in Moscow Reach Record Highs: Reasons for Increase and Prospects for the Fuel Market

... Inflation: Causes of Growth and Prospects for the Fuel Market At the beginning of August, retail gasoline prices reached new heights, rising faster than overall inflation. In Moscow, the average price for AI-92 gasoline exceeded 58.9 rubles per liter, while AI-95 approached 65 rubles . Over July and the first few days of August, gasoline prices increased by nearly 1 ruble. In the meantime, diesel fuel reached 70.8 rubles/liter , although its growth was noticeably slower. This trend has raised concerns ...

The Russian government will extend the permit for gasoline exports for one month.

... March 1, 2024, which was temporarily lifted in mid-May. The decision to extend the export will be made considering the current situation in the fuel market, including stock levels and price dynamics. It is noted that the exchange prices for AI-92 and AI-95 gasoline have increased by 29% and 46%, respectively, since the beginning of the year. There is also discussion of a potential full ban on the supply of diesel fuel purchased on the exchange to non-producers from July 1 to December 31, 2024. The ...

Why are retail gasoline prices rising?

... last week of June. According to Rosstat, by July 1, gasoline prices had increased by an average of 86 kopecks during this period. The Moscow Fuel Association (MTA) reported that this growth continued in July. From June 17 to July 8, the prices of AI-95 and AI-98+ gasoline at Moscow gas stations rose by over one ruble, while AI-92 prices increased by 95 kopecks. The situation resembles last year when, by late summer, price increases at gas stations outpaced inflation, prompting the government ...

Wholesale prices for gasoline in Russia have started to decrease.

... marked the third consecutive decline in the price since October 17, with a 2% drop during this period. Compared to the local peak of 62,487 rubles per ton set during trading on September 6, AI-92 gasoline has decreased by 5%. The exchange price of AI-95 gasoline is also declining. As of October 22, the wholesale price of this grade of gasoline in the European part of Russia stood at 63,521 rubles per ton, the lowest level since June this year. Since October 17, the price has decreased by 2%, and ...