... dependence on supplies from the Russian Federation. Russian Fuel Market: Export Ban and Price Stabilization Measures The domestic market for petroleum products in Russia faced a tense situation this summer due to a rapid increase in gasoline and diesel fuel prices. In July, exchange prices for automotive gasoline on the St. Petersburg International Commodity Exchange reached historical highs (AI-95 grade rose above 75,000 rubles/ton), creating additional pressure on independent filling stations and consumers. The causes include a combination ...

... component of energy supply. Oil Products and Refining: Market Contrasts and Stabilization Measures The oil products market is developing differently across various regions of the world. In Russia, authorities have taken an unprecedented step to stabilize fuel prices. As of August 1, a temporary complete ban on the export of automotive gasoline for all companies, including major producers and refineries, has come into effect until August 31, 2025. This emergency measure aims to prevent fuel shortages in the domestic market and curb the wave of rising gasoline prices during ...

... achieving nearly record levels of electricity generation worldwide. Oil Products and Refining: Regional Contrasts The oil products market varies across different parts of the world. In Russia, authorities have taken an unprecedented step to stabilize fuel prices. As of August 1, a temporary total ban on the export of automotive gasoline for all companies, including major producers and refineries, is in effect until August 31, 2025. This emergency measure is designed to prevent fuel shortages in the domestic market and curb surging prices during the peak summer demand ...

... an increase in fuel prices is inevitable in both wholesale and retail segments in 2025. The main reason for this will be the next rise in the tax burden, in the form of higher fuel excise duties. Naturally, this will be reflected in the cost of the fuel produced, and ultimately, the consumer will pay for it. Not only drivers but also ordinary citizens will bear the cost when buying any goods, as the price of automotive logistics is included in the final price of both food and industrial products. Starting from January 1, 2025, the excise tax on class 5 gasoline will increase by 14% (to 17,088 rubles per ton), and the excise tax on diesel fuel will rise ...

... first quarter of 2024 was 104,000 tons, and diesel was 149,000 tons. Dmitry Gusev, Deputy Chairman of the Reliable Partner association (a union of energy resource suppliers and 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 ...