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The Circle: What Do the Russian Government's Plans to Allow Gasoline Exports Mean?

... current restrictions were supposed to last until the end of the year, but the authorities are ready to accommodate the oil producers. From a formal standpoint, this decision could have been prompted by a noticeable slowdown in prices. According to Rosstat, while retail gasoline prices grew by 4.1% from May 21 to August 5, over the following 15 weeks they only rose by 3%. However, the key factor in practice was the duration of the ban. The longer it remained in place, the fewer incentives oil ...

Fuel and Energy News, Friday, July 25, 2025: Brent below $70, record gas supplies, gasoline export ban starting August

... anticipated in 2026. Essentially, consumption has approached a “peak plateau,” reflecting the accelerated transition of many countries to cleaner energy sources. For Russia, the coal industry in 2025 presents a mixed outlook. On one hand, according to Rosstat, coal production in Russia increased by 1.6% year-on-year in the first half of the year. The industry has managed to redirect export flows to new markets: for instance, supplies of Russian coal to "friendly" countries (Asia, the Middle ...

What does the new increase in fuel excise taxes mean

... ton), and on diesel fuel by 16% (from 10,425 to 12,120 rubles per ton). The rise in excise taxes will contribute to higher costs for oil companies, which have already faced additional expenses this year. This is indirectly confirmed by data from Rosstat, which shows that the profit-and-loss balance of oil refineries decreased by 29.4% in the first seven months of 2024, amounting to 1,563 billion rubles. To minimize the risk of price increases in this situation, it is essential to reduce the ...

An expert predicted the dynamics of gasoline prices in Russia until the end of 2024.

... Price growth rates will remain lower than this past summer through the end of the year, according to a forecast by Sergey Tereshkin, CEO of the "Open Oil Market" fuel marketplace (a Skolkovo resident), shared with RIA Novosti. According to Rosstat data, the average retail price of gasoline increased by 0.19% from October 28 to November 5, reaching 59.19 rubles per liter. The overall weekly inflation rate in the country was also 0.19%. "The increase in gasoline prices over the remaining ...

An expert explained the increase in gas production in Russia by the rise in supplies to the EU.

..., in an interview with Izvestia on September 26. Natural gas production in Russia grew by 12% in August 2024 compared to the same period in 2023, and by 10.7% in the first eight months of this year, reaching 377 billion cubic meters, according to Rosstat data. "The driver of this growth remains the restoration of supplies to Europe. Gazprom's exports to EU countries (European Union — Ed.) — including transit supplies to Serbia and North Macedonia — increased by 36% in the first eight ...