... movements in exchange quotes. Therefore, it is unlikely that retail prices will start falling as early as next week. As noted by Sergey Tereshkin, head of the OPEN OIL MARKET fuel marketplace, exchange prices for fuel have only an indirect impact on retail prices. Over 80% of gasoline sales occur in the off-exchange segment—shipments from refineries and oil depots. Fuel station prices depend more on taxes and oil companies’ costs than on barrel quotes. Off-exchange wholesale fuel prices generally follow exchange prices with ...

... annual parameters set. By the end of the year, retail prices are expected to either align closely with or slightly exceed inflation levels (10-12%), he predicts. According to energy expert Kirill Rodionov, the complete ban on exports will stabilize retail gasoline prices in the coming month, bringing them back within the inflationary range. Rodionov agrees that the sector requires new mechanisms to stabilize prices. The simplest solution would be to increase the mandatory volumes of exchange sales of fuel from the current 15% for gasoline and 16% for diesel to 33% and 50%, respectively, at least for those refineries located in the European part of Russia. He insists that competition mechanisms must be incorporated in the market. Source: ...

... two. The growth of non-fuel businesses contributes to revenue increases. The rising fiscal burden on the oil business in Russia, coupled with the government's efforts to limit fuel price increases, has made the profitability of gasoline and diesel retail sales increasingly dependent on the development of additional services by gas station owners, such as selling non-core products. Profit margins on petroleum products, which already vary widely based on location and business scale, can also fluctuate significantly ...

... where there is no shortage and where market incentives can be created to keep prices down. This involves raising the exchange sales quotas. Currently, the norm for diesel fuel is 16%, but if it is raised to at least 35%, more than half of the diesel fuel ... ... come through the exchange. An increase in supply will lead to the stabilization of exchange prices, which will be reflected in retail prices, making fuel more accessible for independent gas stations. As a result, large chains will not be able to overprice ...

... here suggests economic expansion, supporting the dollar and major U.S. indices like the S&P 500 and the Dow. Conversely, a weaker-than-expected result may add to recession concerns. November 11 marks Veterans Day in the United States. United Kingdom Retail Sales Monitor (October) — Tentative Release Although this is a non-official retail indicator, the UK’s retail sales monitor gives early insights into consumer spending trends. Positive results may signal consumer resilience despite inflation, supporting ...