Found: 186

Why the ban on gasoline exports did not stop the rise in gas station prices

... asserting that retail gasoline prices will not exceed inflation by year-end. Wholesale prices, however, are not tied to inflation, so there is no cause for concern. For premium grades like AI-98, he suggests moving their entire production to exchange markets, as these fuels are not intended for lower-income groups. Chernov also predicts that domestic retail gasoline prices will not surpass average annual inflation in 2024, partly due to regulatory intervention by the Federal Antimonopoly Service (FAS), which may ...

What to Expect in the Oil Market

... more than one million barrels per day. The agreement allowed for the compensation of losses due to the absence of Iranian oil. Despite the agreement with America, OPEC member states will likely increase their oil production. Consequently, the amount of fuel in the market will rise. This increase will lead to an oversupply, and as a result, further price declines. Until recently, experts believed that the chances of a significant price drop were low. The price of Brent crude oil would hardly fall below $65 per barrel—unless ...

Wholesale prices for gasoline in Russia have started to decrease.

... September, 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 ...

An expert suggested a way to stabilize fuel prices in Russia.

... ago: from July 16 to 22, the cost of gasoline and diesel at gas stations increased by 0.6% and 0.3%, respectively. The Ministry of Energy commented to RIA Novosti that prices are influenced by a combination of factors, ranging from seasonal demand to market conditions, and sufficient fuel reserves have been built up ahead of the fall season. However, according to Tereshkin, the "crisis hotspot" remains the high-octane gasoline segment. For instance, the price of AI-98 gasoline increased by 0.9% between August 20 and 26....

Experts assessed the consequences of lifting the ban on gasoline exports

... domestic market prices affects export policy and analyzes the potential consequences for fuel prices. Tereshkin also explains why oil companies are interested in removing the restrictions and shares his opinion on the further development of the diesel fuel market, considering seasonal fluctuations in demand for winter-grade fuels. Earlier, Deputy Prime Minister Alexander Novak mentioned the possibility of lifting the ban on exporting AI-92 gasoline from Russia, but only on the condition of confirmed surplus ...