... 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 ...

... 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 ...

... jet fuel prices is that subsidies for this type of fuel are paid to airlines, not fuel producers," the agency's source said. The damping mechanism was designed to restrain domestic fuel prices. In the case of the automotive fuel market, if the export price of gasoline and diesel exceeds the conditional domestic price, the state compensates companies for part of this difference to prevent price increases in Russia. "In aviation, the damping mechanism only compensates airlines for fuel procurement costs ...

... subject to sanctions. The IEA reports that declining demand has already impacted the profitability of refineries, prompting some closures in Europe. This trend, combined with the climate agenda, has exacerbated the situation. Even though demand for gasoline and jet fuel is rising, this increase has not been enough to offset challenges for European refineries. Russian Diesel Exports and Domestic Dynamics Approximately half of Russia's diesel production is exported. However, most Russian refineries are owned by vertically integrated oil companies (VIOCs), which can distribute costs across segments, shifting them from refining ...

... potentially risky move by industry experts. Ekaterina Kosareva, managing partner at VMT Consulting, reminded that Russia currently exports about 4 million barrels per day, with China and India nearly dividing these volumes evenly. "I wouldn't rule out ... ... expected to hover around $65 per barrel," the expert recalled. Moreover, he mentioned that tracking the ban on imports of gasoline, diesel, and other petroleum products from countries processing Russian oil will be challenging for the EU, as they simply ...