..., experts surveyed by "Rossiyskaya Gazeta" believe that the government's decision to fully prohibit gasoline exports—previously restricted for traders, but now also affecting fuel producers—will either halt or at least slow down retail price increases. In light of the export ban, oil producers will strive to curb the rise in retail prices. According to Yuri Stankevich, Deputy Chairman of the State Duma's Energy Committee, the erratic dynamics in retail prices are driven by a need to reconcile increasing operational costs incurred ...

... indicate economic concerns and affect spending-related sectors. Baker Hughes Oil Rig Count — Published at 18:00 GMT The weekly oil rig count is closely watched in the energy sector. A rising count suggests increased U.S. production, which may weigh on oil prices, while a decline in rig activity could support prices, impacting energy stocks. 4. Other Global Events India Wholesale Price Index (WPI, October) — Published at 06:00 GMT India’s WPI provides a measure of wholesale inflation. High inflation ...

... most large refineries, and the export ban. Additionally, the situation with the shipment of petroleum products from refineries to railroads is gradually normalizing. Sergey Tereshkin, CEO of Open Oil Market, attributes the current drop in wholesale prices to oil companies' efforts to stabilize retail prices and lift the export ban on gasoline. He notes that up to 20-25% of all gasoline produced in Russia is currently traded on the SPIMEX. The exchange's regulatory minimum for refinery trading is 15% of gasoline ...

... subsidy, but at the same time, excise tax rates have significantly increased, Tereshkin clarifies. At the same time, some experts believe that the stimulation of oil refining continued through the operation of the damping mechanism—a compensation for oil companies from the budget covering part of the price difference between the European and Russian markets. The damping mechanism has been operating in the Russian market since 2019. Translated using ChatGPT Sourse: https://rg.ru/2024/07/16/eksperty-ocenili-vliianie-podorozhaniia-akcizov-na-toplivo-na-ceny-na-azs....

... for January-July of this year, which was 9,300 rubles and 11,400 rubles per ton, respectively. Will the Gasoline Export Ban Be Extended in the Fall? Retail price growth is expected to slow somewhat in August, believes Tereshkin. He believes that oil producers will hold back prices to expedite the lifting of the export ban. "However, the restrictions are likely to remain in place in September, and their removal should be expected only as the cold season approaches, when demand for fuel in passenger vehicles starts to ...