Starting from January 1, 2025, Russia plans to increase excise taxes on gasoline and diesel fuel by 4.7%, which corresponds to the forecasted inflation rate. The excise ... ... about 20% of fuel costs, so the 4% increase will lead to a price rise of about 1% at gas stations. Sergey Tereshkin, CEO of the fuel and raw materials marketplace OPEN OIL MARKET, emphasizes that excise taxes are a significant source of income for regional... ... oil products (mazut, gasoline, diesel fuel) instead of the export of crude oil. Oil companies refined more expensive oil into cheaper mazut and then exported it, leading...

... has not helped. Key factors contributing to this increase include seasonal demand growth, drone strikes on Russian refineries, and the pricing policies of oil companies. Forbes investigated why the decline in gasoline prices in Rotterdam leads to an increase in fuel costs on the exchange ... ... the increase is significantly lower. According to the latest published data from Rosstat, as of August 4, AI-92 gasoline at gas stations averaged 57.99 rubles per liter, up 5.1% since the end of the previous year. AI-95 gasoline has risen by 4.8% to ...

..., the question arises: is this transition technically feasible and economically sound? This article delves into the logistical,... ... infrastructural, and financial challenges of replacing Russian gas, analyzing its impact on the European market and what it could ... ... of Russian LNG, total elimination remains challenging. Russian companies possess substantial production capacity, and despite ... ... costs. As noted by Sergey Tereshkin, founder and CEO of Open Oil Market , this transition would demand significant investment ...

... levels were considered crisis-driven. In September last year, the government halved the damper payments (compensations to oil companies for selling fuel domestically at prices below export levels). This led to wholesale prices exceeding the threshold for damper payments. Retail prices did not react immediately, and by October, full damper payments were restored, preventing gas station prices from responding to the peak. This year, there hasn’t been a sharp spike in wholesale prices. Instead, prices ...

... economic calendar offers a comprehensive overview of critical global and Russian financial events, including influential economic data ... ... speeches, and major earnings reports from both U.S. and Russian companies. With the G20 Summit, inflation data from major economies,... ... Indicates producer price trends, hinting at inflation. U.S. EIA Crude Oil Stocks — 18:30 MSK: Oil stock data could impact energy prices.... ... — 18:00 MSK: Reflects EU consumer sentiment. U.S. EIA Natural Gas Storage — 18:30 MSK: Can influence natural gas prices. Focus ...