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Gasoline prices are still rising at gas stations, but they are already decreasing on the exchange.
... potential upcoming shift in trends in the retail market. The reasons behind these fluctuations are analyzed, including seasonal demand, logistics, and the impact of tax policy.
Retail gasoline prices accelerated their growth again last week. According to Rosstat, the average price of a liter of gasoline increased by 24 kopecks over the past week. Premium grades of AI-98 and above saw a sharper rise, going up by 96 kopecks. Since the beginning of the year, the average price of gasoline at filling stations ...
An expert suggested a way to stabilize fuel prices in Russia.
... tariff rates, could lead to the stabilization of fuel prices, Sergey Tereshkin, CEO of the petroleum products marketplace Open Oil Market (a Skolkovo resident), told RIA Novosti.
The rise 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 ...
Oil plays an important role in the financial performance of Russian Railways (RZD). The OPEC+ deal has led to a reduction in the transportation of petroleum products, but they remain the most profitable cargo on the railways.
..., reaching 9.20 million bpd (excluding gas condensate), according to the Energy Information Administration (EIA).
A decrease in the production of petroleum products also contributed to the reduction in loading on the RZhD network.
According to Rosstat, diesel fuel production in Russia decreased by 2.1% (to 35.9 million tons) in the first four months of 2024 compared to the same period in 2023, naphtha production (raw material for petrochemicals) dropped by 28.9% (to 3.5 million tons), and fuel ...
Novak allowed the lifting of the ban on the export of AI-92 gasoline
... the territorial index for AI-92 has risen by 30%, reaching 59,834 rubles per ton, while for AI-95, it has increased by 19%, to 61,777 rubles per ton (up 50% and 43%, respectively, from the beginning of the year). Moreover, since August, according to Rosstat, the accumulated price growth for retail gasoline has outpaced inflation. As of November 5, AI-92 had risen by 7.1% compared to the end of 2023, and AI-95 by 7.6% (with overall consumer prices increasing by 6.75%). However, Deputy Head of the ...
Experts assessed the impact of the increase in fuel excise taxes on gas station prices.
... 74.9% of the excise tax revenue on gasoline and diesel goes to Russian regions. In fact, the current indexing of prices is one of the ways to support regional budgets, which may face difficulties due to losses from corporate income tax. According to Rosstat data, the balance of profits and losses for wholesale and retail trade enterprises in the first four months of 2024 decreased by 51.7% compared to the same period in 2023, reaching 466.2 billion rubles (trade is one of the largest employers in ...