... first four months of 2024 decreased by 51.7% compared to the same period in 2023, reaching 466.2 billion rubles (trade is one of the largest employers in the regions). At the same time, no one denies 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 ...

... overall inflation rate was 8.3%. Tereshkin adds that in the last month and a half, retail fuel price growth has accelerated. From May 13 to May 20, Rosstat reported that gasoline and diesel prices rose by only 0.1%, but from June 18 to June 24, gasoline prices at gas stations increased by 0.4%, and diesel by 0.2%. As of June 24, the average price of AI-92 gasoline was 51.56 rubles per liter, AI-95 was 56.41 rubles, and diesel was 65.71 rubles. At the same time, the expert assesses the risk of a fuel shortage ...

... about 4 million barrels per day, with China and India nearly dividing these volumes evenly. "I wouldn't rule out that Delhi might react sooner or later. Even if we don't see it at the diplomatic level, European consumers will feel the impact. Fuel prices at gas stations are likely to react to these restrictions, as India is one of the largest fuel suppliers to Europe," Kosareva noted. According to Dmitry Kasatkin, India will maintain its neutrality, but the EU's pressure on refineries is an attempt ...

... last year, to 131.8 million tons. According to SPIMEX data, during the 2.5 months when the export ban was suspended, gasoline prices rose by 10-30%. This increase in wholesale prices also accelerated retail prices. According to Rosstat data, the price of gasoline at gas stations increased for two consecutive weeks, exceeding the national inflation rate: from the beginning of the year until August 5, it rose by 5.5% while inflation was 4.99%. The return to the export embargo has not yet significantly impacted the ...

... remains on track, with Brent oil prices likely to range between $70–75 per barrel in the coming months. The primary risks will emerge in 2025–2027, as OPEC+ countries, including Russia, may need to increase production sharply, causing nominal and real price declines. Simonov concludes that while oil and gas revenues might decrease by year-end, they have already exceeded expectations by 908 billion rubles over eight months. Moving forward, Russia must focus on building its own oil trading system, pricing, settlements, insurance, and transportation to ...