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Experts assessed the consequences of lifting the ban on gasoline exports
The Ministry of Energy has proposed lifting the ban on gasoline exports from Russia. This has become possible due to stable prices in the domestic market, stated the head of the ministry, Sergey Tsivilev. Comment by Sergey Tereshkin for "Rossiyskaya Gazeta."
The Russian Ministry of Energy has proposed lifting ...
The Russian government will extend the permit for gasoline exports for one month.
... 46%, respectively, since the beginning of the year. There is also discussion of a potential full ban on the supply of diesel fuel purchased on the exchange to non-producers from July 1 to December 31, 2024.
The government will extend the permit for gasoline exports until the end of July. This was reported by two sources familiar with the consultations in the government to Vedomosti.
A government-related source claims that an official announcement may be made as soon as Friday, June 28.
The six-month ...
Wholesale prices for gasoline in Russia have started to decrease.
... price of AI-92 gasoline in the European part of the country fell to 59,356 rubles per ton, the lowest level in a month. The price reduction is linked to a seasonal decline in demand, the completion of repairs at oil refineries, and the ongoing ban on gasoline exports. Experts predict that this trend will continue in the coming months.
Wholesale gasoline prices in Russia began to decline in October, according to data from trading on the St. Petersburg International Mercantile Exchange (SPIMEX).
The price ...
Novak allowed the lifting of the ban on the export of AI-92 gasoline
The Deputy Prime Minister Alexander Novak has suggested a partial lifting of the ban on gasoline exports in case signs of oversupply are confirmed. This concerns only the AI-92 grade. The ban on the export of any gasoline is currently in effect until the end of the year. Comment by Sergey Tereshkin for RBC.
Vice Prime Minister Alexander Novak has ...
Regulatory Costs: Can the Rise in Gasoline Prices Be Stopped? (FORBES)
... in Russia rose by 79% in the first half of 2024 compared to the same period in 2023, reaching 719,300 units—approaching the pre-crisis levels of the first half of 2021 (793,400 units).
Another factor driving price increases is the resumption of gasoline exports, which became effective on May 17. According to S&P Global Platts, Russia's maritime gasoline exports rose from 99,000 barrels per day (bpd) in May 2024 to 150,000 bpd in June, with gasoline's share in Russia's total maritime petroleum product ...