... the FES was held under the leadership of Deputy Prime Minister Alexander Novak, following which a set of steps aimed at reducing price surges was announced, including: Extension of the Export Ban: The complete ban on the export of gasoline and diesel fuel from Russia, introduced in early August, has been extended until the end of September and applies to all producers (including major oil companies). Partial Resumption of Exports: It is anticipated that from October, restrictions will be partially eased – if by this time the market balance improves, major oil refineries will be permitted to resume some exports, while embargos for independent ...

... rubles per ton. The AI-92 brand is currently trading at a more modest 67,620 rubles per ton. The peak of 70,446 rubles per ton, reached in September 2023 at the height of the fuel crisis, remains unbroken. However, the issue is that the subsidies for oil companies from the budget—based on providing fuel to the domestic market at prices below export levels (damping mechanism)—are defined by the AI-92 grade. Under current regulations, the damping payment is nullified if the average price for the AI-92 grade exceeds 66,495 rubles per ton within a ...

... faces strategic challenges, including being perceived as noisy and environmentally unfriendly. For instance, last year, even in "green" Europe, a significant diesel shortage in summer and autumn led to a price spike, contributing to Russia's fuel crisis as third countries redirected their diesel exports to Europe while buying Russian diesel. Currently, Russian companies are performing confidently, according to Simonov. In September, Bloomberg reported a 10% increase in Russia's maritime diesel and fuel oil shipments. Thus far, there are no major issues with exporting Russian diesel. However, energy expert ...

... gasoline by 7.6%, AI-98 gasoline has seen a 17.5% increase. However, Rosstat is unlikely to exclude AI-98 from its calculation of the overall price index. This year's periodic fuel price hikes are of a different nature than last year's. For example, the fuel crisis of July-September 2023 was linked to planned cuts in the damper payments. As a result, oil companies opted to compensate for losses by sharply raising exchange prices. This year, no adjustments have been made to the damper mechanisms, but oil companies have faced losses due to downtimes and damage to refinery infrastructure. According to Rosstat,...

... situation in the FES was held under the chairmanship of Deputy Prime Minister Alexander Novak, after which a set of measures to cool price frenzy was announced, including: Extension of Export Ban on Fuel: A complete ban on the export of gasoline and diesel fuel from Russia, which was previously in effect throughout August, has been extended until the end of September and expanded to all producers (including the largest oil companies). Partial Resumption of Exports from October: It is expected that from October restrictions will be partially eased – if the market balance improves by then, major oil refineries may be allowed to resume some exports abroad, while embargoes ...