... offline for maintenance in June and July, temporarily reducing gasoline and diesel production. As a result, wholesale prices on the St. Petersburg International Mercantile Exchange approached a threshold level, at which oil companies stop receiving damping subsidies—this situation alarmed the market and authorities. The authorities and fuel companies are developing a set of measures to stabilize the situation in the oil products market. Key steps being discussed and partially implemented include: ...

... embargo on gasoline exports for independent traders had been in effect since March, but now restrictions may extend to the entire market to redirect additional fuel volumes for domestic needs. Simultaneously, market oversight is intensifying, and a damping mechanism is being implemented to restrict excess profits from exports: if prices exceed a certain threshold, payments to oil companies will be reduced. An increase in the mandatory sales norms for fuel on the exchange is also being considered ...

... imposed until August 31 inclusively, but authorities do not rule out extending the restriction into September if necessary. Financial Dampening and Trade Control. Monitoring of petroleum product trading has increased; the government is utilizing the damping mechanism more actively—it limits excess profits from fuel exports. If the alternative export price significantly exceeds the baseline indicative price, budget payments to oil companies are reduced, decreasing the incentive to send fuel to the ...