... AI-98 and AI-100, the margin on these grades also shows a steady increase, according to experts. They estimate that since the beginning of the year, prices for this gasoline have risen by 9.7%, but due to low consumption volumes (about 2% of the total market), this price increase does not significantly affect the overall market. "According to our estimates, the margin for AI-98 and AI-100 remains in the positive zone at 4 rubles per liter, and in the last month, wholesale prices have decreased by 2–3%, which ...

... though it accounts for only about 40% of exchange sales. Gusev highlights the need to separate AI-92 and AI-95 in regulatory mandates, as current rules combine all grades, leading to disparities. According to Sergey Tereshkin, CEO of the Open Oil Market platform, the faster price growth for AI-98 and above is tied to infrastructure damage at refineries, specifically to high-octane fuel production facilities. Sanctions on equipment imports mean it will take a long time to address this issue. As a result, annual price growth ...

..., amounting to RUB 521.5 billion. Such a drastic decline is largely attributed to a reduction in subsidies for oil producers. While the payments under the "damping" mechanism (compensations from the budget for fuel supplies to the domestic market at prices below export levels) totaled RUB 985.9 billion in the first half of 2024, the equivalent figure fell to RUB 544.7 billion in 2025, marking a 45% reduction. Under these circumstances, companies are likely to maintain high prices in the wholesale ...

... diesel fuel in Russia are increasing due to several factors. The primary reasons include a rise in global oil prices, seasonal demand fluctuations, maintenance at oil refineries, and restrictive measures on fuel exports. Inflation and changes in fuel market regulations are also playing a role. Experts predict that prices may stabilize as seasonal factors subside The Moscow Fuel Association (MTA) reported that last week, retail gasoline prices at gas stations in the capital rose by 17-18 kopecks, while diesel prices increased by 27 kopecks. The end of autumn ...

... and fall bookings will be crucial—are there signs of demand saturation? Potential reaction: BKNG shares are trading near historical highs, so even slight outperformance in EPS expectations ($50+ per share against ~ $50) could support further stock price increases. The market would respond particularly positively if Booking raises its annual forecast or announces a new buyback. However, risks are also present: increased marketing expenses or weak booking growth for 2026 could weaken investor enthusiasm. Nonetheless,...