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The budget payments to oil workers will be divided by fuel types.
... in the cancellation of compensation for the other. The relevant bill has been developed by the Ministry of Finance.
The government plans to change the rules for compensating oil companies from the budget for fuel supplies to the domestic market (the damping mechanism), by dividing them according to fuel types – gasoline and diesel fuel (DF). Exceeding the maximum established price for one fuel type will not affect payments for suppliers of the other type. The relevant bill was developed by the ...
Gasoline Stock Market Prices Hit Records: Reasons and Prospects for Gas Station Prices
... 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 month. This threshold was surpassed on August 4. With the ...
Sergey Tereshkin: Adjusting the damper may lead to an increase in exchange fuel prices.
Adjustments to the rules for compensatory payments under the damping mechanism, currently being discussed by the government, are intended to support oil companies but may lead to a slight increase in exchange prices. This opinion was expressed in an interview with RG by Sergey Tereshkin, General Director of the ...
An expert explained the sharp increase in the market value of aviation fuel in Russia
...,879 rubles per ton. Sergey Teryoshkin, General Director of the petroleum products marketplace "Open Oil Market," explained this surge by citing the lack of incentives for oil companies to restrain jet fuel prices due to the specifics of the damping mechanism. Unlike automotive fuel, where the government compensates producers for the difference between export and domestic prices, subsidies in the aviation sector are directed directly to airlines, leaving producers unmotivated to keep prices ...
Starting from August 1, the ban on fuel exports will be reinstated. What does this mean for the market?
... were allowed for another month in June — until July.
Thus, the current fuel market regulation model relies on three parameters, according to Sergey Tereshkin, CEO of the oil products and raw materials marketplace Open Oil Market. These include the damping mechanism, which sets limits on exchange price growth for diesel fuel and AI-92 gasoline; actual price growth rates for gasoline and diesel, which must not exceed general inflation rates; and export bans, which take effect when retail price growth ...