... major exporter and producer of gasoline. According to Titov, scheduled repairs began at the facility in July. "While the plant is under repair, it won't incur losses from the export ban, and on the other hand, there needs to be some way to add gasoline to the domestic market, especially because of the repairs at 'Kirishin' [KINEF]. Thus, the export ban was implemented for one month," says Titov. KINEF is a major supplier of oil products for St. Petersburg, as well as the Leningrad, Novgorod, and Pskov regions....

... Price dynamics forecasts remain uncertain: experts consider both potential decreases and further increases. In this article, we will examine the key reasons for the rise in gas prices, analyze the current situation, and discuss the prospects of the fuel market in Russia. Gasoline Prices Outpace Inflation: Causes of Growth and Prospects for the Fuel Market At the beginning of August, retail gasoline prices reached new heights, rising faster than overall inflation. In Moscow, the average price for AI-92 gasoline exceeded ...

... the exchange price of AI-92 gasoline in Russia reached its highest level since the fall of 2023, and the price of AI-95 gasoline reached its highest point since the summer of this year. Prices increased despite government efforts to stabilize the fuel market. In particular, since August 1, Russia reinstated a ban on gasoline exports. The restriction does not apply to shipments under intergovernmental agreements or humanitarian supplies. The ban, originally set to begin on March 1, 2024, for six months, was lifted for a period from May 20 to June 30, and a similar ...

... supply chain from extraction to gas station sales, may prefer to offset wholesale losses rather than attract regulatory scrutiny. Seasonal Pressures Add to Market Strain August and September are traditionally challenging months for Russia’s fuel market. Gasoline consumption remains high as the holiday season continues, and diesel fuel demand surges with the start of agricultural work. Following the export ban, the primary tool to control gasoline prices is administrative regulation. Deputy Chairman ...

... lifting sanctions on refinery equipment supplies—a matter outside the jurisdiction of the Federal Antimonopoly Service (FAS) and the Ministry of Energy. A Solution Through the Exchange Regulators can only enhance competition in the retail fuel market by increasing exchange sales quotas. Currently, gasoline quotas stand at 15% of production, and diesel quotas at 16%. Both should be raised to at least 33%—the minimum threshold at which exchange prices would remain below the subsidy threshold due to increased competition rather than subsidy loss ...