... have different peak demand seasons. For gasoline, the consumption period is the holiday season, from late spring to autumn. For DF, it's the period of active agricultural work, from late summer to November. As a result, the nullification of the damping mechanism, for example, due to rising gasoline prices, affected companies producing DF, leading to its price increase (since compensation is not paid) and vice versa. The government now aims to address this imbalance. Dividing the payments by fuel types will help regulate the domestic market better....

... than 20% for DF. Currently, if either of these values is exceeded, the damping is nullified. The mechanism can also work in reverse if export prices are lower than domestic prices. However, this has only happened once in the history of the damping mechanism (since 2019), in 2020, when oil prices collapsed. As for extending the application of the investment surcharge on reverse excise duty for oil until January 1, 2033, Tereshkin believes that this measure will support the industry. The investment surcharge is intended for oil refineries ...

... Mercantile Exchange reached a record 84,879 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 in check....

... artificial shortages and enhance competition among producers. The government, together with FAS, is also conducting regular dialogue with oil companies, urging them to direct sufficient volumes to the domestic market and avoid sharp increases in wholesale prices. Dampener Mechanism and Excise Taxes. One of the long-term levers for controlling prices remains the dampener—a compensation mechanism that mitigates the difference between export and domestic prices. The authorities signaled a potential adjustment of the dampener ...

... wholesale prices and softens price fluctuations. Although funded from the budget, the money for it comes from the oil extraction sector in the form of taxes (which were increased to enable the damping payments). If the damping payment is nullified, the mechanism controlling price increases will be disabled, and prices will inevitably soar. As highlighted by Yuri Stankevich, Deputy Chair of the State Duma Committee on Energy, the current situation indicates that the thresholds granting companies the right to receive damping ...