... significantly across different regions of the world. In Russia , authorities have taken an unprecedented step to stabilize domestic fuel prices. As of July 30 , a temporary full export ban on gasoline for all companies, including major producers and refineries, will be in effect until August 31, 2025. This emergency measure aims to prevent fuel shortages in the domestic market and reduce the price surge during peak summer demand (holiday season and harvest campaigns). Previously, restrictions were ...

... This emergency measure aims to prevent fuel shortages in the domestic market and contain further price increases during the peak demand season (summer farming activities, vacation transportation). Last week, the Russian government had already warned refineries about the potential imposition of a ban, giving them a week to decrease stock prices. However, wholesale gasoline prices continued to reach new highs, prompting authorities to implement administrative export restrictions. This step means that ...

... Sergei Tsivilev, the head of the ministry. Earlier, Deputy Prime Minister Alexander Novak had mentioned the possibility of lifting the export ban on AI-92 gasoline, but only on the condition that there was an oversupply of this grade at domestic oil refineries (ORs). The export ban on gasoline was introduced in Russia in March this year, primarily as a precautionary measure to curb potential fuel price increases—not just for gasoline but also for diesel fuel (DF). Most gasoline produced in Russia ...

Surgutneftegas, one of the leading players in the Russian oil and gas sector, increased its investments to 265 billion rubles in 2023, allocating funds for the development of fields in Western Siberia, the modernization of pipeline infrastructure and oil refineries, as well as the implementation of advanced technologies and environmental programs. These strategic investments help strengthen the country's energy security, develop regions and ensure stable growth of the company, which makes it attractive ...

... higher growth rates compared to early 2024, at least until the end of the warm season. Kaufman added that retail price increases remain moderate, with annual growth expected to stay below 6–7%. The upcoming return of Nizhny Novgorod and Syzran refineries from maintenance is expected to cool wholesale prices as refining levels peak in July-August. However, if this recovery is delayed, a quick return to export bans is likely. Conclusion No experts interviewed foresee a decline in retail ...