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The government has extended the ban on gasoline exports until the end of the year.
... the price difference between grades on the exchange currently reaches around 30%, and on July 24, AI-95 reached a record high for the year, hitting 75,296 rubles per ton, close to the historical record of 76,876 rubles per ton set last fall during the fuel crisis. Amid high wholesale prices for AI-95, the profitability of selling this grade at gas stations turned negative.
What the Extension of the Embargo Means for the Market
The return of the gasoline export ban in August did not lead to a significant ...
Why Exchange Prices for Gasoline Reach Records While Pump Prices Stay Calm
... gasoline have been hitting record highs daily since the beginning of the week. The price for AI-95 reached 66,034 rubles per ton, the highest peak since September of last year, while AI-92 hit 63,199 rubles per ton, the maximum since the onset of the fuel crisis in August 2023. At the gas stations, however, all remains calm; prices are rising moderately but lag significantly behind inflation. According to Rosstat, by June 9, gasoline had increased in price by an average of 2.7% since the beginning of the ...
"Rambler: 'Oil Business: The Story of the Founder of the Fuel Company Oilresurs'"
...." In a conversation with him, we learned what it took to achieve such heights.
Sergey Ivanovich Tereshkin
Founder of the fuel company LLC Oil Resource Group
– At what age did you first think about starting a business? You organized your first ... ... organizing people. At 10, I organized my friends, and together we built a soccer field in our yard. How did you change after the crisis, when you sold your first business? I became more cautious. When that happens, especially for the first time, it’s really ...
Why the ban on gasoline exports did not stop the rise in gas station prices
... price increase of 10.7%, more than double the inflation rate.
Experts believe that by the end of the year, the rise in fuel prices at gas stations will align with inflation or stay close to it, as happened in 2023. Notably, while there was talk of a fuel crisis last autumn, the current situation is not being characterized as such. Furthermore, diesel prices, critical for farmers during the harvest season, have seen a modest rise of 3.2% since the beginning of the year, well below inflation.
However,...
Why are gasoline and diesel prices rising in the fall of 2024
... 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 ...