... costs, taxes, and logistics than by exchange quotes, leading to uneven changes across gasoline grades. Tereshkin believes that accelerated price growth at gas stations will continue for AI-98 and higher grades of gasoline. A serious threat to the fuel market, however, is the current drop in oil prices, which could prompt the Ministry of Finance to reduce subsidies under the damping mechanism (compensating part of oil companies’ costs from the budget for supplying fuel to the domestic market at prices ...

... expect OPEC+ to continue flexibly managing quotas, especially if external factors (sanctions, recession, emergencies) begin to significantly impact the oil market. Russian Oil Product Market: Record Gasoline Prices and Government Response The domestic fuel market in Russia faces unprecedented price increases despite previously taken measures. Since late July, a full ban on the export of gasoline and several other petroleum products has been in place (tentatively until August 31) – this emergency measure ...

Commentary for "Rossiyskaya Gazeta". The article “The Export Ban Slowed the Growth of Exchange Gasoline Prices” discusses the impact of the August 2024 ban on gasoline exports on the Russian fuel market. Despite the export restrictions, exchange prices for gasoline remain close to annual highs. The price increase is particularly notable for AI-95 gasoline, which is attributed to a mismatch between consumption patterns and exchange sales volumes....

... in wholesale prices and increased consumption. In the short term, within the next two to three weeks, a return to a positive margin is not expected, according to "OMT Consult." However, compared to last year, the situation in the retail fuel market "appears more positive," the analysts believe. "AI-92 and diesel fuel remain in the positive zone, and there are no trends towards a margin decline below zero. The market is adapting to changes, and in the long term, we can expect ...

... in price growth in June, which could lead to inflation rates being exceeded. Tereshkin highlights several factors contributing to this trend: The suspension of the gasoline export ban from May 17, 2024, coinciding with a temporary reduction in fuel production. The recovery of the automobile market, which has returned to pre-crisis levels, increasing demand for fuel. Rising costs for Russian refineries, which are reflected in wholesale and retail prices. The expert predicts that June 2024 data will show an acceleration in the annual growth ...