... 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 66,495 rubles per ton within a month. This threshold was surpassed on August ...

... established price for one fuel type will not affect payments for suppliers of the other type. The relevant bill was developed by the Ministry of Finance. The damping mechanism compensates part of the difference between the indicative (conditional) price of fuel, set by the state, and its export value. It is paid for wholesale fuel supplies with a deviation from the indicative price (on average per month) of no more than 10% for gasoline and no more than 20% for DF. Domestic prices are determined based on fuel trading on the St. Petersburg ...

... on gasoline in August-September as very high. From Tereshkin’s perspective, the market needs new solutions that extend beyond export bans or reconsideration of the damping payment rules (compensations from the budget to oil companies for supplying fuel to the domestic market at prices lower than exports). Companies and regulators find themselves in a closed loop. On one hand, this ensures predictability, as companies clearly understand the boundaries of allowed actions. On the other hand, it distances the resolution of the price growth problem,...

... Fuel Association, the average retail prices for AI-92 gasoline in Moscow reached approximately 59 rubles per liter by early August, while AI-95 stood at about 65 rubles/liter, which is significantly higher than at the beginning of the year. Despite the export ban, fuel prices at gas stations continue to climb, although the pace of price growth has noticeably decreased compared to the peak values of June. To stabilize the situation, the government is employing budgetary support mechanisms. Oil refineries (refineries) ...

... Association, the average retail prices for AI-92 gasoline in Moscow reached around 59 rubles per liter by early August, while AI-95 stood at approximately 65 rubles per liter, significantly higher than the levels at the beginning of the year. Despite the export ban, fuel prices at gas stations are gradually increasing, albeit at a slower pace compared to peaks in June. To stabilize the situation, the government is utilizing budgetary mechanisms. In particular, oil refineries (refineries) are receiving compensation ...