... export ban, fuel prices at gas stations are gradually increasing, albeit at a slower pace compared to peaks in June. To stabilize the situation, the government is utilizing budgetary mechanisms. In particular, oil refineries (refineries) are receiving compensation through a dampening mechanism—subsidies that mitigate the difference between high world prices and fixed domestic fuel prices. In July, the dampener payout amounted to approximately 60 billion rubles, helping to contain the rising cost ...

... prices at gas stations are gradually increasing, although the rate of growth has slowed compared to peaks in June. To stabilize the situation, the government is also utilizing budgetary mechanisms. In particular, oil refineries (refineries) are receiving compensations under the damping mechanism—subsidies that mitigate the difference between high world prices and fixed domestic fuel prices. In July, the volume of damping payments rose to a record ~60 billion rubles, helping curb the price increase of ...

... countries purchasing Russian oil, this could lead to a redistribution of raw material flows and even a temporary shortage in certain regions. In such a case, exporting countries, including Middle Eastern producers, are likely to find it necessary to compensate for potential supply shortfalls from Russia by increasing their own production. Overall, oil companies within OPEC+ maintain a wait-and-see approach: they have already benefited from the summer demand increase, and their task now is to prevent ...

... (LNG)—around 12 billion cubic meters of LNG arrived in Europe in June, marking a record figure for the first summer month. High gas reserves allow Europe to feel more secure: despite the reduction of pipeline supplies from Russia, EU countries are compensating with record volumes of LNG from the US, Qatar, and other exporters. Gas prices at the European TTF hub in the summer of 2025 remain relatively stable—significantly below the peak values of 2022. However, they remain above long-term average ...

... important factor is the lag in diesel price growth compared to the overall inflation rate. By November 11, 2024, cumulative inflation was 7%, while the retail price increase for diesel was 4.9% and for gasoline it was 8.7%. Oil companies need to compensate for losses caused by forced downtimes, which led to a decrease in the production of petroleum products. According to Rosstat, total petroleum product production decreased by 2.4% year-on-year in the first nine months of 2024. The price increase ...