... are lifted earlier than planned or if new accidents occur at refineries. Tereshkin believes that oil companies will keep gasoline and diesel prices in check until the end of the year, but a price surge may occur in early 2025 due to the lifting of the export embargo and the annual excise tax increase. Fuel prices at gas stations will continue to rise slowly, following inflation, according to Kotov. He believes that gas stations have returned to a "relatively normal" level of profit due to the drop in wholesale prices. Kaufman expects a slowdown in retail ...

... by 36% since the start of the year. According to the latest published data from Rosstat, as of July 21, AI-92 gasoline at gas stations averaged 57.66 rubles per liter, up by 1.1% since the beginning of the month and by 4.5% since the end of last year.... ... actions, believing that there was no need for them, as the market's demand for petroleum products was fully satisfied. Why the Export Ban? The introduction of a temporary ban on gasoline exports from Russia in August 2025 relates to a combination of factors ...

... practical standpoint, it will be more difficult for European companies because there are fewer banks in Russia that can accept foreign currency without violating US sanctions,” says Yushkov. “The decree effectively cancels Gazprombank’s monopoly on export payments. This sector is now deregulated, but the problem is that other Russian state banks remain under sanctions. Therefore, unfortunately, there could still be issues with making payments, as well as the risk of gas supplies to Europe being interrupted,” says Sergey Tereshkin, CEO of the OPEN OIL MARKET marketplace. Translated usin ChatGPT Sourse: vz.ru/economy/2024/12/9/1302044.html

... earning on extraction and refining while also receiving partial compensation through the sale of food and household goods at gas stations.” Shaposhnikov reminds us that Deputy Prime Minister Alexander Novak plans to hold a meeting on August 14 regarding ... ... rate. “Although, in all likelihood, the price movement on the St. Petersburg exchange is speculative, the ban on gasoline exports may be extended until the end of October when the holiday season will wane and most agricultural work will be completed,...

... that the increase in excise tax rates affects fuel prices at gas stations. According to Gusev, the excise tax constitutes about 20% of the cost of gasoline and diesel fuel, meaning a 4% increase in excise taxes will inevitably result in a 1% rise in gas station prices. Tereshkin agrees with this and believes that the increase in excise taxes is one of the reasons for the rise in fuel prices. In 2019, when the "big" tax maneuver in the oil industry began (the elimination of export duties on oil and oil products and the increase in the mineral extraction tax), the excise tax on fifth-class automotive gasoline was 12,314 rubles, and on diesel fuel, it was 8,541 rubles per ton. Accordingly, the increase in their rates by 2024 ...