... the year due to the sharp increase in excise duties at the beginning of the year, which has yet to fully reflect in retail prices. From the perspective of Sergey Tereshkin, the CEO of the oil products marketplace Open Oil Market, the rise in exchange gasoline prices is linked to a reduction in subsidies for oil refineries. In May 2025, payments for the damping mechanism (compensation to oil companies from the budget for supplying fuel to the domestic market at prices below export levels) amounted to 42.5 billion rubles – 32% less than the previous month and 79% less than in May 2024. The reduction in subsidies leads to a decline in oil refining margins. In this situation, oil companies have no choice but to compensate ...

... refining industry. This refers to the difference between higher duties on oil and lower duties on petroleum products: for example, duties on automotive gasoline and diesel fuel were 30% of the duty on oil. The difference in duty levels stimulated the export of oil products (mazut, gasoline, diesel fuel) instead of the export of crude oil. Oil companies refined more expensive oil into cheaper mazut and then exported it, leading to losses in budget revenue from export duties. Since 2017, duties on mazut have been aligned with ...

On July 25, 2025, significant changes occurred in the fuel and energy sector, affecting key resources such as oil and gas, as well as renewable energy sources. One of the critical developments was the decision to ban gasoline exports, which has generated considerable discussion in economic circles. In this article, we will analyze current trends in Russia's energy sector, discuss the impact on the fuel market, and review the positions of coal, electricity, and renewable energy ...

... "To stabilize the fuel market, it is necessary to increase the production of petroleum products. However, this is not entirely within the power of oil companies or regulators," the expert concluded. Since March 1, Russia has had a ban on exporting gasoline abroad, except to EAEU countries. At the end of May, the ban was temporarily lifted, but in August, it was reinstated. The government decided to extend the embargo until the end of the year to maintain market stability during the period of seasonal ...

... rapidly, now surpassing 71% of total capacity, mitigating fuel shortage risks ahead of the upcoming winter. In the domestic fuel market in Russia , authorities are implementing emergency measures to stabilize fuel prices—on August 1, a complete ban on gasoline exports was enacted to eliminate shortages at gas stations and curb price increases. Additionally, we will examine the situation in the coal sector, record growth in renewable energy, recent trends in electricity generation, as well as geopolitical factors ...