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Gasoline Outpaces Inflation: Will Prices Continue to Rise at Gas Stations?
... MARKET, under the export ban, oil companies have no choice but to slow the growth of retail prices. However, significant changes in the wholesale and exchange segments are unlikely, mainly due to declining profitability. According to the latest data from Rosstat, 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 ...
The export ban has slowed the growth of exchange prices for gasoline.
..., albeit with a delay.
Retail prices are also rising, albeit nearly in line with inflation. The Federal Antimonopoly Service (FAS) strictly monitors retail price increases, making it unlikely they will significantly exceed inflation. According to Rosstat, AI-92 gasoline prices have risen 5% since the beginning of the year, while AI-95 has increased by 5.2%. Inflation as of July 29 stood at 4.99%. Vertically Integrated Oil Companies (VIOCs), which control the entire supply chain from extraction ...
The budget is in the black. What ensured the increase in oil and gas revenues?
... of falling gas prices in Europe. In H1 2023, the average price at the region's largest hub, TTF, was $504 per 1,000 cubic meters, whereas in H1 2024, it dropped to $336 per 1,000 cubic meters. Increased gas production also played a role: according to Rosstat, natural gas production in H1 2024 grew by 9.4% year-on-year, reaching 292 billion cubic meters.
Benefiting the Budget
As for the oil sector, according to EIA data, Russian oil production in July 2024 was 9.07 million barrels per day—close ...
Why are retail gasoline prices rising?
... Antimonopoly Service (FAS) to ensure that fuel prices at gas stations do not rise above the inflation rate.
Since late May, retail gasoline prices have increased by more than 1.5% in a month, including a 0.5% rise in the last week of June. According to Rosstat, by July 1, gasoline prices had increased by an average of 86 kopecks during this period.
The Moscow Fuel Association (MTA) reported that this growth continued in July. From June 17 to July 8, the prices of AI-95 and AI-98+ gasoline at Moscow ...
Wholesale prices for gasoline in Russia have started to decrease.
... currently traded on the SPIMEX. The exchange's regulatory minimum for refinery trading is 15% of gasoline production and 16% of diesel.
At gas stations, the price of motor fuel continues to rise moderately, slightly outpacing inflation. According to Rosstat, from October 7 to 14 (the latest available data), the price of 1 liter of AI-92, AI-95 gasoline, and diesel fuel increased by 0.1% on average to 53.61 rubles, 58.88 rubles, and 67.09 rubles, respectively. Since the beginning of the year, the ...