... the solutions, read the full article. MOSCOW, September 2 - RIA Novosti. Reducing oil producers' costs, including lowering Russian Railways' tariff rates, could lead to the stabilization of fuel prices, Sergey Tereshkin, CEO of the petroleum products ... ... while diesel prices increased by 0.1%. This is lower than a month ago: from July 16 to 22, the cost of gasoline and diesel at gas stations increased by 0.6% and 0.3%, respectively. The Ministry of Energy commented to RIA Novosti that prices are influenced ...

... Russian Railways (RZhD) network decreased by 1.1% (to 104.4 million tons) in the first half of 2024, according to data from Russian Railways. A key factor was the OPEC+ deal, under which Russia agreed to the largest production cut in the last 18 months.... ...,000 barrels per day (bpd), and from December 2023 to May 2024, it fell by 330,000 bpd, reaching 9.20 million bpd (excluding gas condensate), according to the Energy Information Administration (EIA). A decrease in the production of petroleum products ...

... which are part of vertically integrated oil companies (VIOCs), face rising costs. Rosstat data shows that the net profit of Russian enterprises across the economy grew by 13.8% in the first four months of 2024 to 10.05 trillion rubles. However, in petroleum ... ... due to increased competition rather than subsidy loss risks. Higher quotas would improve fuel availability for independent gas stations outside VIOCs, boosting retail competition. Large companies’ gas stations would find it harder to overprice fuel ...

... business partner, founded "Oil Resource Group." We saw our task as introducing new business solutions to the traditional Russian market. The implementation of digital technologies has always been the driver of our growth, enabling a 100-200% increase ... ... program and, during those years, developed the "Fuel" mobile app. It allows you to buy gasoline, diesel, liquefied gas, etc., through your smartphone – as easily as ordering a taxi or food delivery. The "Fuel" app was integrated ...

... The prospects of upcoming negotiations regarding Ukraine are lowering the risk premium and boosting investor confidence in the Russian currency. Actions of the Central Bank From January 15 to February 6, the Bank of Russia is increasing currency interventions ... ... traditionally sell currency to pay taxes, increasing demand for rubles. Rising Commodity Prices The increase in the prices of oil, gas, and gold — Russia's main export commodities — supports currency inflows and strengthens the ruble. High Interest Rates ...