... restriction beyond August 31, if there is no significant stabilization in wholesale and retail price segments. “Against the backdrop of falling refinery profitability, exchange prices are likely to remain around current levels regardless of whether the export ban is extended,” — Sergey Tereshkin , Russian Gazette . Thus, Russia's example illustrates that even one of the largest gasoline exporters is willing to restrict external sales to protect domestic consumers. This underscores the existence of local ...

...." Concerns also arise regarding the price cap, according to Shevyrenkov from IEF. "It is stated that it will be reduced to $47.6 per barrel, which is unfavorable for Russian exporters, but does not fundamentally change the situation regarding export flows," he says. Ban on Products from Russian Oil Most of the announced sanctions measures will be difficult to administer, believes Sergey Tereshkin, CEO of the Open Oil Market platform. "Sanctions against the 'shadow fleet' and the ban on imported petroleum products ...

... also 0.19%. "The increase in gasoline prices over the remaining two months of the year will be less significant than in the summer when weekly growth rates reached up to 0.6%. Oil companies will hold back prices to achieve the lifting of the export ban," Tereshkin told the agency. One of the current drivers of rising gasoline prices, according to the expert, is the oil companies' costs due to forced downtime at refineries. "The profit and loss balance of Russian refineries over the ...

... gasoline and diesel fuel has not only continued but even accelerated. A comment by Sergey Tereshkin for the "Russian Gazette. Over the past three weeks, wholesale gasoline prices in Russia have fallen by almost 10%, despite the lifting of the export ban on December 1. During the same period, the wholesale price of diesel fuel (DF) decreased by 7%. However, the situation at gas stations is the opposite. The price increase for all types of gasoline and DF not only continues, but has even accelerated....

... Products and Refining: Market Contrasts and Stabilization Measures Oil product markets around the world are developing differently. In Russia, authorities recently took an unprecedented step to stabilize fuel prices. From August 1, a temporary full ban on the export of automotive gasoline for all companies, including large refineries, took effect, lasting until August 31, 2025. This emergency measure aims to prevent fuel shortages in the domestic market and lower soaring gasoline prices during the peak summer ...