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Experts assessed the consequences of lifting the ban on gasoline exports
The CEO of the OPEN OIL MARKET petroleum products marketplace, Sergey Tereshkin, comments on the latest decisions by the Ministry of Energy regarding gasoline exports and explains why lifting the ban has become a relevant step. The article examines how the stabilization of domestic market prices ...
When to expect a decrease in gasoline prices
... 521.5 billion rubles)," he stated.
Hence, the increase in exchange prices partially offsets the losses incurred by oil producers in the first half of the year, the expert continues.
"This picture would be observed even if the production of oil products remained stable," Sergey Tereshkin asserts.
Overall, the price records we are witnessing now may indicate that the situation with wholesale prices is somewhat out of control, says Sergey Kaufman, an analyst at FG "Finam." "The ...
Weekly Economic Events Calendar for Traders in the U.S. and Russia (November 11 – November 15, 2024)
... for market movements. Key highlights include the FOMC and Bank of England rate decisions, China’s potential fiscal stimulus announcements, and U.S. consumer confidence indicators. Russian traders will keep an eye on domestic inflation and industrial production data, while U.S. traders track CPI, oil inventories, and the USDA’s agricultural report. Stay tuned for impactful shifts across currencies, commodities, and stocks, as global events unfold!
Weekly Economic Events Influencing Global and Russian Markets (November 11–15, 2024)
Monday,...
Why Exchange Prices for Gasoline Reach Records While Pump Prices Stay Calm
... that gas station prices will rise above inflation by the end of the year due to the sharp increase in excise duties at the beginning of the year, which has yet to fully reflect in retail prices.
From the perspective of Sergey Tereshkin, the CEO of the oil products marketplace Open Oil Market, the rise in exchange gasoline prices is linked to a reduction in subsidies for oil refineries. In May 2025, payments for the damping mechanism (compensation to oil companies from the budget for supplying fuel to the ...
Revenue from MET (Mining Extraction Tax) increased 2.5 times in the first half of 2024.
... in tax policy could affect the fuel sector and what opportunities it presents for entrepreneurs. Read the detailed analysis in my article.
The expansion of the Additional Income Tax (AIT) regime, which now covers more than half of Russia's taxable oil production, has played a key role. Revenue from AIT increased 2.5 times in the first half of 2024, rising from RUB 403 billion in January–June 2023 to RUB 1.042 trillion in January–June 2024, according to data from the Ministry of Finance. Over the ...