... Fuel Association, the average retail price of AI-92 gasoline in Moscow reached around 59 rubles per liter at the beginning of August, while AI-95 was about 65 rubles/l, which is noticeably above the levels seen at the start of the year. Despite the export ban, fuel 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 ...

... stabilize prices and prevent fuel shortages for consumers. The extension of the export ban in the near future will allow an additional 200,000 to 300,000 tons of gasoline and diesel to be directed to the domestic market (the volumes that were previously exported monthly). Meanwhile, subsidies are intended to support the profitability of supplies at gas stations within the country. Authorities assure that they will act proactively: if the situation demands, restrictions on oil products exports will be extended again, and fuel from reserves will be promptly directed to the regions. At present, the ...

... strengthen direct contracts between refineries and final fuel suppliers, bypassing the exchanges to eliminate middlemen from the supply chain. The combination of adopted measures aims at gradually stabilizing prices and preventing fuel shortages at gas stations. The extension of the export ban is expected to increase gasoline supply in the domestic market by at least 200–300 thousand tons per month, which were previously intended for export. Simultaneously, budget subsidies and reverse excise taxes continue to compensate oil producers ...

... increases for end consumers. However, expenses related to this mechanism are becoming more burdensome for the federal budget, especially as hydrocarbon revenues are declining: according to the Russian Ministry of Finance, in July, revenues from oil and gas exports amounted to about 787 billion rubles, falling short of planned values for the third consecutive month. Against the backdrop of declining export revenues, the government is discussing the possibility of adjusting or temporarily suspending the damping ...

... during the cold months. Moreover, investments are confidently flowing towards low-carbon energy, opening new niches for growth and innovation. For investors in the fuel and energy complex, it is time to reassess risks and strategies. Traditional oil and gas projects face increasing challenges – their margins are shrinking under pressure from sanctions, export tariffs, and the need to subsidize domestic markets. However, new opportunities are emerging simultaneously: the energy transition is stimulating demand for energy storage technologies, renewable generation, infrastructure for hydrogen and electric ...