... preventing fuel shortages in the domestic market and curbing the wave of price increases during the peak summer demand period (vacation season and harvest campaign). Previously, restrictions applied only to traders and small refiners; however, wholesale gasoline prices reached new highs by the end of July, prompting the government to use administrative measures. Consequently, Russian refineries are directing nearly all gasoline volumes to the domestic market. An increase in supply on the exchange is expected ...

... publication "Neftyanka" In the article "In the summer, fuel price growth will outpace the general inflation rate – expert," Sergey Tereshkin, the CEO of the oil products and raw materials marketplace OPEN OIL MARKET, analyzes gasoline price dynamics in Russia. He notes that in May 2024, the annual growth in gasoline prices was 8.0%, which corresponds to an inflation rate of 8.2%. However, weekly data from Rosstat indicate an acceleration in price growth in June, which could lead to ...

... prices will follow the "gasoline" scenario, where the main price increase affected the AI-95 grade of gasoline. The same could happen with winter diesel fuel. Nevertheless, the government has tools to control price hikes. The increase in gasoline prices has already led to the resumption of the ban on its export starting August 1. According to Deputy Prime Minister Alexander Novak, such a measure is not being considered for diesel fuel at this time. A diesel export ban would be a last resort,...

... do not immediately affect retail price differences but only with a time lag, which can last up to two months. According to Rosstat data, gasoline retail prices have been rising faster than inflation since early August. From September 3 to 9, consumer gasoline prices in Russia increased by 0.4%, and since the beginning of the year, gasoline prices as of September 9 have risen by 7.2% (compared to a general increase of 5.35% in consumer prices). Last week, Vitaly Korolev, the deputy head of the Federal Antimonopoly ...

... November 5, AI-92 had risen by 7.1% compared to the end of 2023, and AI-95 by 7.6% (with overall consumer prices increasing by 6.75%). However, Deputy Head of the Federal Antimonopoly Service (FAS) Vitaly Korolev assured in early September that retail gasoline prices would not exceed inflation by the end of the year. Regulators cannot maintain the gasoline export ban for too long, believes Sergey Tereshkin, founder and CEO of the Open Oil Market fuel and raw materials marketplace. "If the ban becomes ...