... first nine months of 2024. The price increase for diesel provides them with such an opportunity and allows them to avoid negative reactions from regulators, as the diesel price increase remains within the inflation limits. Many associate the rise in gasoline prices with a possible lifting of the export ban. However, according to analysts at OPEN OIL MARKET, this is not entirely true. Current fluctuations are still in line with the "10-20" formula, according to which oil companies lose their right to subsidies if average monthly gasoline prices exceed the internal reference price by 10%,...

... to the historical record of 76,876 rubles per ton set last fall during the fuel crisis. Amid high wholesale prices for AI-95, the profitability of selling this grade at gas stations turned negative. What the Extension of the Embargo Means for the Market The return of the gasoline export ban in August did not lead to a significant cooling of wholesale prices, as "it is one of the peak months in terms of demand and refinery repairs," commented Dmitry Gusev, deputy chairman of the supervisory board of the "Reliable ...

... incentives oil companies had to curb prices, which is why the government decided to ease restrictions. However, the market is in urgent need of new solutions that go beyond subsidies and export restrictions, believes Sergey Tereshkin, CEO of Open Oil Market (Forbes). The longer the ban on gasoline exports lasted, the fewer incentives oil producers had to restrain prices, which led the government to relax restrictions. However, the market urgently needs new solutions that go beyond subsidies and export restrictions, says Sergey Tereshkin,...

... 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 dropped, with AI-92 falling to 47,083 rubles per ton by the end of April, and AI-95 to 53,264 rubles per ton. The export ban mechanism was already applied by the government in the fall of 2023 but was short-lived—from late September to mid-November....

Discussing why the record stock market prices for gasoline did not impact the export ban and what to expect for prices at gas stations in the near future. Fuel market quotes have been hitting record highs since the beginning of the week, as if the complete ban on gasoline exports introduced just a ...