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An expert outlined the consequences of the recovery of the car market in Russia.
... including passenger cars, light commercial vehicles, trucks, and buses, also showed positive dynamics. In June, the total sales figure reached 145,500 units (a 39% increase year-on-year).
Last week, the Russian government extended the permission to export gasoline until August. Earlier, on March 1, the government had imposed a six-month ban on the export of gasoline abroad, except to EAEU countries. However, at the end of May, the ban was suspended, with reports indicating that it was set to resume on ...
How to improve the efficiency of the damping mechanism
... benchmark when the regulator periodically imposes export bans?
For instance, diesel export restrictions were introduced after last year's fuel crisis caused by the Ministry of Finance's attempts to "halve" the damper. Meanwhile, the ban on gasoline exports was imposed twice this year: from March 1 to May 17, and from August 1 to December 31, with the current ban not yet officially lifted.
In this context, wouldn't it be simpler to tie damper payments to the cost of fuel on the St. Petersburg ...
Oil Flood of Russian Railways: Tank Cargo Owners Gain Government Support in the Battle for Priority Access to Railroads
... Rules (NDA) until December 31, 2024. Initially, these rules were scheduled to come into effect on September 1, 2024. This decision allows petroleum products to retain priority in railway transportation, which is particularly important given the ban on gasoline exports introduced in August 2024 and extended through September and October. Experts note that this measure supports the profitability of petroleum production and sales, enabling quick responses to the current economic situation and mitigating potential ...
Sergey Tereshkin: Adjusting the damper may lead to an increase in exchange fuel prices.
... indicative fuel price set by the government and its export price. It is paid from the budget to oil companies for wholesale fuel supplies to the domestic market with a deviation from the indicative price (on average for the month) of no more than 10% for gasoline and no more 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 ...
Chinese Electric Vehicles: A New Era in the Automotive Industry
... showcasing an enormous leap from 6% in 2020.
Approximately 14% of the total passenger vehicle fleet in China (42 million out of 300 million) now consists of electric vehicles, up from less than 2% in 2020.
This rapid growth is beginning to apply pressure on gasoline demand in the country, which could have serious consequences for the oil industry and oil exporters, including Russia.
Government support, infrastructure development, and technological innovations have become key factors in this rapid growth.
Global Influence
China is becoming a leader in the global electric vehicle market:
One out of every ...