Found: 220

An expert suggested a way to stabilize fuel prices in Russia.

... in retail fuel prices continues to slow down. According to Rosstat data, from August 20 to 26, gasoline prices rose by 0.2%, while diesel prices increased by 0.1%. This is lower than a month ago: from July 16 to 22, the cost of gasoline and diesel at gas stations increased by 0.6% and 0.3%, respectively. The Ministry of Energy commented to RIA Novosti that prices are influenced by a combination of factors, ranging from seasonal demand to market conditions, and sufficient fuel reserves have been built up ahead of the fall season. However, according to Tereshkin, the "crisis hotspot" remains the high-octane gasoline segment. For instance, the price of AI-98 gasoline increased ...

Ruble Concludes 2024 Above 100 Against Dollar: Causes, Forecasts, and Implications

....8%. Main Causes of Ruble Depreciation Geopolitical Factors The introduction of new US sanctions against Russia in November 2024 dealt a serious blow to the economy. The sanctions affected key sectors and restricted access to international financial markets. Decline in Export Revenues Falling global prices for oil and gas, along with a reduction in their export, diminished the inflow of foreign currency into Russia. Monetary Policy The Central Bank maintains the key interest rate at 21%, which curtails economic activity but does not stop capital outflows. Increase ...

Why are gasoline and diesel prices rising in the fall of 2024

... 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 week, retail gasoline prices at gas stations in the capital rose by 17-18 kopecks, while diesel prices increased by 27 kopecks. The end of autumn is objectively a period of transition from summer and interseasonal to winter diesel fuel, which contributes to price increases. Currently,...

Experts Assess the Consequences of Lifting the Ban on Gasoline Exports

... Dmitry Gusev, Deputy Chairman of the Supervisory Board of the “Reliable Partner” association and member of the "Russia's Gas Stations" contest advisory board, reopening gasoline exports is justified due to the end of peak demand season and Russian ... ... in rail transport disrupt fuel supply, despite adequate production levels. According to Sergey Tereshkin, CEO of the OPEN OIL MARKET platform, regulators must lift the gasoline export ban as the current restrictions will have lasted five months by December....

700% Inflation in Russia: How Prices and the Ruble Exchange Rate Have Changed Since 2001

... years, leading to higher costs for imported goods and components. Rising Raw Material and Energy Prices Domestic prices for oil, gas, and electricity have increased, impacting the cost of goods and services. Changes in Tax Policy The introduction and increase ... ... regulation of tariffs and taxes. Since 2001, inflation in Russia has exceeded 700%, affecting all key sectors of the economy. Despite market adaptation, the decline in purchasing power remains a significant issue for the population. The future of inflation will ...