... current trends in the fuel market and why prices continue to climb—read my in-depth analysis on the website. Deputy Prime Minister Alexander Novak on July 8 instructed the Ministry of Energy and the Federal Antimonopoly Service (FAS) to ensure that fuel prices at gas stations do not rise above the inflation rate. Since late May, retail gasoline prices have increased by more than 1.5% in a month, including a 0.5% rise in the last week of June. According to Rosstat, by July 1, gasoline prices had increased by an ...

Despite record-high exchange prices for gasoline, fuel prices at gas stations remain relatively stable. Let’s explore why retail prices don't follow market fluctuations and what factors influence the final cost of fuel. Exchange prices for gasoline have been hitting record highs daily since the beginning of the week....

... this segment. Due to high inflation, customers are less willing to purchase durable goods, making gasoline and diesel, de facto, essential goods (at least for car owners). The profitability of this segment depends on whether Wildberries can purchase fuel on the exchange, where prices are significantly lower than in wholesale. Additionally, in Russia, unlike many European countries, excise duties are paid by oil refineries, not gas stations, which also benefits fuel retail. Overall, the company is desperately looking for new opportunities to increase the profitability of its core business. This is rational behavior, but a real improvement in the situation is unlikely to occur ...

... should not rise above the inflation rate, and the Federal Antimonopoly Service (FAS) is closely monitoring retail pricing. However, this understanding is not law. The FAS ensures that the cost of fuel at gas stations is not inflated but does not set price ceilings. Gas stations purchase fuel in bulk at oil depots, on exchanges, and from refineries (NPPs). When wholesale prices rise significantly and rapidly, an increase in retail prices becomes unavoidable. The AI-95 gasoline brand has notably excelled, reaching an all-time high on Monday,...

... occur at refineries. Tereshkin believes that oil companies will keep gasoline and diesel prices in check until the end of the year, but a price surge may occur in early 2025 due to the lifting of the export embargo and the annual excise tax increase. Fuel prices at gas stations will continue to rise slowly, following inflation, according to Kotov. He believes that gas stations have returned to a "relatively normal" level of profit due to the drop in wholesale prices. Kaufman expects a slowdown in retail price ...