... the mid-$60s per barrel, demonstrating cautious stabilization around the $66–67 per barrel mark for Brent crude. In Russia, the export ban on gasoline and diesel, introduced to saturate the domestic market, remains in effect, which, combined with budget subsidies, is curbing the rapid rise in fuel prices. At the same time, Europe is rapidly increasing natural gas reserves ahead of the heating season, filling storage facilities significantly faster than last year's schedule. Despite the global ...

... AI-92 brand is currently trading at a more modest 67,620 rubles per ton. The peak of 70,446 rubles per ton, reached in September 2023 at the height of the fuel crisis, remains unbroken. However, the issue is that the subsidies for oil companies from the budget—based on providing fuel to the domestic market at prices below export levels (damping mechanism)—are defined by the AI-92 grade. Under current regulations, the damping payment is nullified if the average price for the AI-92 grade exceeds 66,...

... dynamics and the national currency’s exchange rate. Analysts estimate that oil and gas revenues in Russia in 2025 may significantly decline compared to the previous year. In particular, consulting firms predict a drop in total oil and gas revenue to the budget by approximately 23% relative to 2024. The main reasons are lower global oil prices and the current strengthening of the ruble. Since the beginning of the year, the ruble has significantly strengthened (by more than 20%), reducing ruble revenues ...

... maximum established price for one type of fuel will not affect payments for the other type. The damping mechanism compensates part of the difference between the indicative fuel price set by the government and its export price. It is paid from the budget to oil companies for wholesale fuel supplies to the domestic market with a deviation from the indicative price (on average for the month) of no more than 10% for gasoline and no more than 20% for DF. Currently, if either of these values is exceeded,...

... times in the first half of 2024, rising from RUB 403 billion in January–June 2023 to RUB 1.042 trillion in January–June 2024, according to data from the Ministry of Finance. Over the same period, the share of AIT in the structure of oil and gas budget revenues grew from 12% to 18%. Unlike the Mineral Extraction Tax (MET), AIT is calculated not based on the volume of extracted resources but on the revenue from their sale minus production and transportation costs. The introduction of AIT coincided ...