... surge by citing the lack of incentives for oil companies to restrain jet fuel prices due to the specifics of the damping mechanism. Unlike automotive fuel, where the government compensates producers for the difference between export and domestic prices, subsidies in the aviation sector are directed directly to airlines, leaving producers unmotivated to keep prices in check. Additionally, restrictions on the supply of foreign equipment for oil refineries may have contributed to the price increase, as ...

... Tereshkin, CEO of the OPEN OIL MARKET fuel and raw material marketplace, the fact that the exchange price for AI-95 is not included in the damping calculations gives oil companies the opportunity to increase refining margins without the threat of losing subsidies. This explains the more than 20% difference between the exchange prices of AI-92 and AI-95 that has arisen recently. He also clarifies that the period from August to September is traditionally when DF prices increase, and this year will be ...

... 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 domestic market at prices below export levels) amounted to 42.5 billion rubles – 32% less than the ...

... Tereshkin believes that accelerated price growth at gas stations will continue for AI-98 and higher grades of gasoline. A serious threat to the fuel market, however, is the current drop in oil prices, which could prompt the Ministry of Finance to reduce subsidies under the damping mechanism (compensating part of oil companies’ costs from the budget for supplying fuel to the domestic market at prices below export levels). The expert recalls that a previous attempt to cut subsidies in July 2023 led to ...

... turmoil. Record industrial performance Industrial production rose 6.2% in December, driven by a recovery in supply chains, government support for manufacturing, and increased demand for Chinese goods. Retail sales up Retail sales rose 3.8%, driven by subsidies aimed at stimulating consumption, particularly in electronics and automobiles. Trade surplus China posted a record trade surplus. However, falling prices for exported goods have been a negative factor, cutting into the profits of many Chinese ...