... 25% lower compared to October of last year. The main driver of revenue growth was an increase in collections under the Additional Income Tax (AIT), which reached 491.6 billion rubles in October. Tereshkin also points to the reduction in subsidies for oil refineries, which contributed to the increase in budget revenues. According to his forecast, the share of oil and gas revenues in the federal budget for 2024 will remain around 31.7%, but it may decrease to less than 30% next year due to an increase ...

... Commodity Exchange (SPbMTSB)? For example, to the upper price limits under the existing "10-20" rule, according to which oil companies lose damper payments if the average monthly exchange price of AI-92 gasoline exceeds the internal threshold by 10%,... ... would acknowledge that the damper is not compensation for export shortfalls, but rather a formula for calculating subsidies for refineries that incur significant costs due to forced downtime. It would be better if this formula were tied to real-life conditions,...

... early as next week. As noted by Sergey Tereshkin, head of the OPEN OIL MARKET fuel marketplace, exchange prices for fuel have only an indirect impact on retail prices. Over 80% of gasoline sales occur in the off-exchange segment—shipments from refineries and oil depots. Fuel station prices depend more on taxes and oil companies’ costs than on barrel quotes. Off-exchange wholesale fuel prices generally follow exchange prices with some delay. For retail prices to respond to a decline in wholesale prices,...

... whom takes their margin. — Does your platform offer an alternative? — Exactly. This is a classic marketplace. You log into the mobile app on your device or through the browser on your desktop computer and see a list of offers from the nearest oil refineries or large traders working directly with the manufacturer. — What are the main advantages of this procurement system? — The offer is maximally transparent: you see the price at the moment the fuel is shipped by the supplier, the fuel ...

... saturate the domestic market. Not coincidentally, a few weeks ago, Deputy Prime Minister Alexander Novak mentioned reports of gasoline stockpiling in the domestic market. Only 10-15% of total gasoline production in the country is exported, but some oil refineries (NPPs) are initially geared towards fuel supply abroad. For them, the export ban was particularly painful. Stankevich notes that the political and economic situation requires prompt decisions, which explains the limited duration of the "export ...