... benchmarks for small wholesale, subsequently influencing retail prices. Government Measures and Market Regulation To contain the price surge, the authorities have taken a series of steps to regulate the fuel market. At the end of July and the beginning of August 2025, the government implemented emergency measures aimed at increasing domestic supply and cooling price dynamics. The main instruments of influence were as follows: Temporary Export Ban on Gasoline. The government announced a complete ban on the export ...

... authorities have taken an unprecedented step to stabilize gasoline prices domestically. On July 28, the Russian government officially announced a temporary complete ban on gasoline exports by all companies (including petroleum product producers) until August 31, 2025. This emergency measure aims to prevent fuel shortages in the domestic market and contain further price increases during the peak demand season (summer farming activities, vacation transportation). Last week, the Russian government had already warned ...

... This measure will support the profitability of oil product production and sales, while the changes to the NDA scheduled for 2025 will reduce it." The NDA Rules were finalized in late May this year. Initially, the document was planned to take ... ... because of low production but because they couldn’t be delivered to regions in time for consumption. This issue arose in August, September, and October. In August, a significant amount of diesel was diverted for the Special Military Operation (SMO) ...

... Freedom Finance Global notes that to counteract potential shortages, refineries increased average daily processing by 20% in August compared to July. Nonetheless, the anticipation of reduced production is already pushing up wholesale prices on the exchange.... ... is likely to be upheld for diesel but breached for gasoline. As a result, the export ban on gasoline could extend into early 2025. Gusev believes it may be time to revisit state price regulation. The wholesale market creates more problems than it solves ...

..., may prefer to offset wholesale losses rather than attract regulatory scrutiny. Seasonal Pressures Add to Market Strain August and September are traditionally challenging months for Russia’s fuel market. Gasoline consumption remains high as the ... ... coupled with reducing fuel excise taxes. For instance, excise taxes on Euro-5 gasoline are set to rise to 15,755 rubles per ton by 2025, compared to 5,530 rubles in 2015. Currently, 74.9% of excise revenues go to regional budgets and 25.1% to the federal budget....