... that the decision on extending the export ban would depend on the "market situation." The Ministry of Energy plays a key role in assessing the risks based on current fuel stocks and price dynamics. As of June 24, gasoline prices at the St. Petersburg International Mercantile Exchange (SPbMTSB) had risen by 29% since the beginning of the year to 52,525 rubles per ton for AI-92, and by 46% to 63,416 rubles per ton for AI-95. The price peak for these types of fuel occurred on March 18, when the cost of one ton of AI-92 was 54,...

... "The decision was made to maintain a stable situation in the domestic fuel market during the period of high seasonal demand and agricultural fieldwork," states a government decree . Prices Increased by 36% The price of AI-92 gasoline on the St. Petersburg exchange on July 28 amounted to 65,589 rubles per ton, having declined slightly from a peak of 66,601 rubles per ton recorded on July 23. Since the beginning of the month, the price has risen by 2.4%, and by 24% since the beginning of the year. The ...

... producers). Now, consideration is being given to extending the ban to include the oil companies for the specified period. Smoothing exchange volatility —the Ministry of Energy of the Russian Federation, along with the Federal Antimonopoly Service and St. Petersburg Exchange, are developing measures to reduce speculative price fluctuations. Changes to trading mechanisms and minimum fuel sales standards are being discussed to prevent market participants from creating artificial shortages. Coordination of refinery ...

... rules governing payments under the damping mechanism, Sergey Tereshkin, CEO of the petroleum product marketplace "Open Oil Market" (a resident of Skolkovo), told RIA Novosti. At the beginning of August, the price of aviation fuel on the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) reached a historic high of 84,879 rubles per ton. Earlier on Thursday, the newspaper Izvestia, citing air carriers, reported that the sharp rise in jet fuel prices could pose a risk of localized shortages of this product. At the same ...

... additional supplies of fuel to be directed to the domestic market. Major oil companies have increased gasoline shipments to domestic exchanges, helping to stabilize wholesale prices somewhat. At the end of July, prices for gasoline grade Ai-95 on the St. Petersburg International Commodity Exchange reached a historic high, approaching levels seen during the crisis in 2023. However, at the beginning of August, the price growth ceased. According to the Ministry of Energy, the current balance in the domestic market is surplus, and if the trend ...