... to regional budgets and 25.1% to the federal budget. Adjusting the federal share could provide room for reform. Alternatively, restricting diesel exports may temporarily curb gasoline price hikes. However, Gusev warns this approach could harm the oil refining sector by reducing diesel production, which far exceeds domestic consumption. Instead, he advocates increasing AI-95 production and revising exchange trading regulations. Tereshkin also emphasizes reducing operational costs, such as railway ...

... January to August 2024, the balance of profits and losses of fuel producers had decreased by 34%. This is partly due to damage to refinery infrastructure from Ukrainian drone attacks and unplanned downtime due to sanctions on equipment supplies for oil refining. The losses of oil producers are partly compensated by budget subsidies under the so-called "damper mechanism." By the end of the first ten months of 2024, damper payments increased by 36% to 1.544 trillion rubles, and payments from ...

... gasoline was 57,096 rubles per ton, while diesel stood at 60,441 rubles per ton. Last year's fuel crisis demonstrated that oil companies could push exchange prices above 70,000 rubles per ton. However, to avoid losing subsidies, they compensate for ... ... drivers of price increases remain, including risks of supply cuts due to unplanned refinery repairs and reduced profitability of refining due to extended downtimes. Regulatory bodies lack the tools to significantly influence fuel production dynamics, which ...

... the Ministry again reported sufficient supply and noted that gasoline shipments to the domestic market were 5% higher than last year, while diesel shipments were 8% higher. According to Reuters, in the first half of 2024, Russian refineries reduced oil refining by 4% compared to the same period last year, to 131.8 million tons. According to SPIMEX data, during the 2.5 months when the export ban was suspended, gasoline prices rose by 10-30%. This increase in wholesale prices also accelerated retail ...

... prices for automotive gasoline and diesel, creating tension for consumers and the market. The reasons include seasonal factors (increased summer demand, particularly for agricultural fuel and lubricants) and reduced supply due to planned repairs at oil refineries (OR). Many refining companies have taken capacities offline for maintenance in June and July, temporarily reducing gasoline and diesel production. As a result, wholesale prices on the St. Petersburg International Mercantile Exchange approached a threshold level,...