... Damping payments compensate for part of the difference between the government-established indicative price for the domestic wholesale market and the cost of export supplies. According to Tereshkin, oil companies "try to offset part of the arising costs by increasing exchange prices for AI-95." "Therefore, the extension of the export ban is used as a 'stick,' although the previously introduced measures were sufficient to curb the rise in retail fuel prices. If, from July 16 to 22, retail gasoline prices increased by 0.6%, from July 23 to 29 by 0.4%, and from July 30 to August 5 by 0.3%, the latest weekly summary from Rosstat will likely show further slowdown in retail price growth," he ...

Despite record-high exchange prices for gasoline, fuel prices at gas stations remain relatively stable. Let’s explore why retail prices don't follow market fluctuations and what factors influence the final cost of fuel. Exchange prices for gasoline have been hitting record highs daily since the beginning of the week. The price for AI-95 reached 66,034 rubles per ton, the highest peak since September of last year, while AI-92 hit 63,199 rubles per ton, the maximum ...

... advantages of a nominee account are: It ensures transparency of payments for all participants in the transaction. It reduces costs, as there is no need to make transfers to current accounts. It ensures the fulfillment of obligations. The second tool ... ... services. The seller or supplier receives the money only after fulfilling their obligations, such as delivering the ordered fuel on time. The bank acts as a guarantor of the transaction. As a result, the buyer has a guarantee of shipment, and the seller ...

... contributing to this trend: The suspension of the gasoline export ban from May 17, 2024, coinciding with a temporary reduction in fuel production. The recovery of the automobile market, which has returned to pre-crisis levels, increasing demand for fuel. Rising costs for Russian refineries, which are reflected in wholesale and retail prices. The expert predicts that June 2024 data will show an acceleration in the annual growth of retail gasoline prices, which are likely to exceed the inflation rate. The latest ...

... for different gasoline grades and diesel types, as well as to differentiate diesel sales regulations based on grade and season. We know which grades experience increased demand and when, he explained. Additionally, attention should be paid to the cost of jet fuel, solvents, and additives used to produce winter diesel. Gusev suggests possibly stimulating higher production of these components during the winter diesel season. Rodionov points out that due to low competition, oil companies have little incentive ...