Sergey Tereshkin's Opinion on a Fairer System of Damper Payments for Oil Product Manufacturers (RBC Companies). Sergey Tereshkin's article addresses issues related to improving the efficiency of the damper mechanism for the oil industry. He examines problems associated with using European market quotations for calculating subsidies, despite the embargo and export restrictions. The author suggests tying payments to domestic fuel prices, which would allow for a more accurate reflection of the current...

... the net profits of Russian oil refineries fell by 61.5% in the first five months of 2025, amounting to RUB 521.5 billion. Such a drastic decline is largely attributed to a reduction in subsidies for oil producers. While the payments under the "damping" mechanism (compensations from the budget for fuel supplies to the domestic market at prices below export levels) totaled RUB 985.9 billion in the first half of 2024, the equivalent figure fell to RUB 544.7 billion in 2025, marking a 45% ...

... price increase is particularly notable for AI-95 gasoline, which is attributed to a mismatch between consumption patterns and exchange sales volumes. Experts emphasize that to stabilize prices, it is necessary to include AI-95 in the parameters of the damping mechanism or consider reducing fuel excise taxes. Gasoline Market Quotes Remain Near Annual Highs Despite Export Ban Gasoline market quotes continue to hover near annual highs, even after the export ban came into effect in early August. Although ...

... the export ban, says Sergey Tereshkin, CEO of the OPEN OIL MARKET fuel marketplace. The current fluctuations fit into the "10-20" formula, according to which oil companies lose their right to receive subsidies from the budget under the price damping mechanism (compensating oil companies for part of the lost profit from supplying fuel to the domestic market at lower prices than export prices) if the average monthly gasoline prices exceed the internal price by 10%, and diesel prices exceed ...

... to be periodically banning exports. Frolov estimates the likelihood of an export ban on gasoline in August-September as very high. From Tereshkin’s perspective, the market needs new solutions that extend beyond export bans or reconsideration of the damping payment rules (compensations from the budget to oil companies for supplying fuel to the domestic market at prices lower than exports). Companies and regulators find themselves in a closed loop. On one hand, this ensures predictability, as companies ...