... could happen with winter diesel fuel. Nevertheless, the government has tools to control price hikes. The increase in gasoline prices has already led to the resumption of the ban on its export starting August 1. According to Deputy Prime Minister Alexander ... ... would be a last resort, as Russia produces twice as much diesel as it consumes domestically, with half going for export. In comparison, nearly 90% of the gasoline produced in the country is sold domestically, with only about 10% exported. Diesel is the ...

... prices in Europe started to rise before the heating season. In September, the average price on Europe’s largest gas hub, TTF, was $422 per thousand cubic meters. By October, prices had increased by 10% to $463, according to Open Oil Market data. For comparison, during the first half of the year, prices averaged around $310. Futures for gas delivery in the coming months continue to climb. “The rise in prices was unexpected because many in Europe anticipated a decline to around $300 during the off-season in September and October,” explains ...

... countries like Saudi Arabia and Russia. The reduction of oil production in Libya will only temporarily boost prices on the global market, according to Sergey Tereshkin, founder and CEO of Open Oil Market. He shared his thoughts with Izvestia ... ... field, Sharara, could remove about 300,000 barrels per day (bpd) from the market, which is about 0.3% of global supply. For comparison, in July 2024, Libya's oil production amounted to 1.14 million bpd," the expert clarified. He noted that the ...

... in the capital, gasoline has set price records. According to the Moscow Fuel Association, the average price for the popular gasoline AI-92 reached 58.91 rubles/liter , while AI-95 stood at 65.09 rubles/liter . Just in the last week of July, the price of AI-92 increased by about 15 kopecks, while AI-95 rose by nearly 20 kopecks. In comparison, diesel fuel saw a mere 10 kopecks increase over the month, costing around 70.83 rubles/liter . Thus, gasoline is becoming significantly more expensive than diesel. Since the beginning of the year, prices for mass-market gasoline types have ...

... While this is the lowest level of the year, it is still higher than during the same period last year, according to analysts. For comparison, in the fall of 2023, the margin at its peak dropped to minus 3 rubles per liter. The average margin for AI-92 gasoline ... ... note. This year, the difference is that the issues are observed only with AI-95, which is related to fluctuations in wholesale prices and increased consumption. In the short term, within the next two to three weeks, a return to a positive margin is not ...