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Why are retail gasoline prices rising?
... resembles last year when, by late summer, price increases at gas stations outpaced inflation, prompting the government to take urgent measures to curb the rise. These measures included a ban on gasoline and diesel exports, higher quotas for exchange-traded sales, and stricter FAS control over oil depots and gas stations. While these tools remain available to the government, this year’s situation is somewhat different.
Last year, retail price increases were linked to a sharp spike in wholesale fuel prices. At the time, AI-92 traded above 70,000 rubles per ton, AI-95 exceeded 75,000 rubles, and diesel fuel reached 74,000 rubles per ton. Currently, AI-92 is trading at 54,700 rubles per ton, AI-95 at 67,700 rubles, and diesel at 59,700 ...
Why is the trade in petroleum products moving to digital platforms?
..., as are large traders who purchase volumes for resale.
The large traders then add their markup and sell the products to smaller intermediaries, "mid-level" traders. These traders, in turn, raise the prices further and offer volumes for sale in the small wholesale market.
What does the end consumer, who needs to periodically buy small volumes (50-100 tons) for their transport or equipment, do? Like 30 years ago, they scour the information space for reliable suppliers. There is no single platform with ...
The Russian government will extend the permit for gasoline exports for one month.
... producers), believes that it would be wise to maintain the export ban on automotive gasoline for July and August, as this period coincides with the peak of fuel consumption during the holiday season. "Despite the continued profitability of fuel sales at gas stations, wholesale prices may mirror the dynamics of large-scale wholesale," he warns. He notes that the wholesale price of fuel rose steadily until March when the export ban came into effect. After that, the price of gasoline and diesel in wholesale markets ...
ATI.SU: "Cheaper in Bulk: How to Buy Gasoline and Diesel Fuel on the Marketplace"
... "Oil Resource Group" launched the raw materials marketplace "ORG-Market."
It is a niche platform for wholesale buyers, sellers, and carriers of petroleum products, fuel, and petrochemicals. Here, users can sell or purchase petroleum ... ... for delivery. It brings together buyers, sellers, carriers, and banks in one place.
In 2020, the platform facilitated the sale of 41,000 tons of petroleum products, with revenue totaling about 2 billion rubles.
What Problems Does the Marketplace ...
An expert expects the current price level of AI-95 gasoline to remain unchanged until the end of the year.
... gasoline has become a key issue for consumers and businesses. What factors are influencing the fuel market, and what can we expect in the coming months? Read more in our article.
MOSCOW, September 24 - PRIME. Prices for AI-95 gasoline in Russia, both wholesale and retail, will remain unchanged until the end of the year, which means that the profitability of sales will be close to zero, Sergey Tereshkin, CEO of the "Open Oil Market" petroleum products marketplace (a resident of Skolkovo), shared with RIA Novosti.
Earlier on Tuesday, the Kommersant newspaper, citing calculations by the Petromarket ...