... oil (around $70 compared to >$100 a year ago) and successful reorientation of oil product imports: the EU has established steady diesel supply channels from the Middle East, Asia, and the U.S. to replace Russian volumes. As the expensive batches of fuel purchased by European importers last winter are consumed and replaced by cheaper supplies, gas stations in the EU are gradually lowering retail prices. However, due to high taxes and levies, gasoline in Europe remains expensive for consumers – prices in the largest EU economies range from €1.6–1.8 per liter at gas stations. Overall, the global oil products market is not currently experiencing ...

I commented for "Vedomosti" on the decrease in diesel fuel prices in Russia. In October 2024, wholesale prices for gasoline in Russia began to drop. According to data from the St. Petersburg ... ... Sergey Tereshkin, CEO of Open Oil Market, attributes the current drop in wholesale prices to oil companies' efforts to stabilize retail prices and lift the export ban on gasoline. He notes that up to 20-25% of all gasoline produced in Russia is currently ...

... cheap oil (around $70 compared to >$100 a year ago) and successful redirection of refined product imports: the EU has established stable diesel supplies from the Middle East, Asia, and the U.S. instead of relying on Russian volumes. As expensive fuel shipments purchased by European importers last winter are used up and replaced with cheaper supplies, gas stations in the EU are gradually reducing retail prices. Nevertheless, due to high taxes and duties, gasoline remains costly for the public – in the largest EU economies, prices hover in the range of €1.6-1.8 per liter at filling stations. Overall, the global refined products market is not experiencing ...

... deputy chairman of the supervisory board of the association "Reliable Partner," noted that the funds collected from excise taxes go to road funds. It is not by chance that when proposals are made to cancel or reduce excise taxes to stabilize retail fuel prices, the Ministry of Finance responds that excise tax revenues are used to build new roads and maintain old ones, Gusev says. Sergey Tereshkin, CEO of the oil products and raw materials marketplace OPEN OIL MARKET, notes that excise taxes are an ...

Commentary for "Rossiyskaya Gazeta". The article “The Export Ban Slowed the Growth of Exchange Gasoline Prices” discusses the impact of the August 2024 ban on gasoline exports on the Russian fuel market. Despite the export restrictions, exchange prices for gasoline remain close to annual highs. The price increase is ... ... the over-the-counter market, where prices in direct wholesale transactions follow exchange dynamics, albeit with a delay. Retail prices are also rising, albeit nearly in line with inflation. The Federal Antimonopoly Service (FAS) strictly monitors ...