... government would monitor the situation on the exchange throughout the week and would make a decision on the introduction of a complete ban on gasoline exports based on that. Currently, exports are only prohibited for non-producers (oil depots, traders). Oil refineries (refineries), which are largely owned by oil companies, have the right to export gasoline. Judging by the dynamics of exchange quotations, a complete ban is imminent. However, as has been emphasized multiple times, this measure is extreme and ...

... costs incurred due to prolonged downtime at refineries," Tereshkin said. He explained that most Russian refineries are part of vertically integrated companies that operate under cross-subsidization schemes. For instance, part of the revenue from oil exports has often been used to modernize refineries since the 2010s. From a business perspective, it would be beneficial for these companies to temporarily reduce processing volumes and redirect some crude oil to the external market, the expert added. "This effect was observed in the ...

... prices. Accelerated Repairs of Refineries. The Ministry of Energy has expedited the completion of unscheduled repairs at several oil refining plants caused by accidents and drone attacks. Reserve capacities have been brought back online, increasing oil processing and fuel production at these refineries. The ministry states that in the coming weeks, gasoline production will return to normal levels, eliminating supply shortages — one of the causes of the recent price rally. Thanks to these measures, signs of stabilization began to appear ...

... of 92 is 'poured' in, then of course, the price will drop. Right now, everyone is surviving as best they can," the source stated. Earlier, "RG" reported that the shortage of gasoline in the market is partly due to unplanned repairs at oil refineries (ORFs) linked to attacks by Ukrainian drones. These repairs have led to a reduction in fuel production volumes. Another factor influencing the development of the "gasoline crisis" is the reduction of subsidies to oil producers under ...

... to just 0.8% from March 5 to May 6. Diesel fuel prices also accelerated, with growth rates increasing from 0.9% to 1.3%, according to Rosstat. Unspoken Market Constraints Oil companies have incentives to raise retail prices. On one hand, Russian refineries, most of which are part of vertically integrated oil companies (VIOCs), face rising costs. Rosstat data shows that the net profit of Russian enterprises across the economy grew by 13.8% in the first four months of 2024 to 10.05 trillion rubles. However, in petroleum product manufacturing, profits declined ...