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Gas Prices in Moscow Reach Record Highs: Reasons for Increase and Prospects for the Fuel Market

... noticeably slower. This trend has raised concerns among consumers and stakeholders in the fuel and energy complex (TEC), from motorists to major fuel and oil companies. We will look into the current situation in the oil product market, the factors driving price increases, regulatory measures, impacts on the industry, and the broader energy context along with potential long-term solutions. Record Gasoline Prices and Diesel Dynamics At gas stations in the capital, gasoline has set price records. According to the ...

Why are retail gasoline prices rising?

... that this growth continued in July. From June 17 to July 8, the prices of AI-95 and AI-98+ gasoline at Moscow gas stations rose by over one ruble, while AI-92 prices increased by 95 kopecks. The situation resembles last year when, by late summer, price increases at gas stations outpaced inflation, prompting the government to take urgent measures to curb the rise. These measures included a ban on gasoline and diesel exports, higher quotas for exchange-traded sales, and stricter FAS control over oil depots ...

Why is the rise in fuel prices at gas stations accelerating despite the decrease in stock exchange prices?

... wholesale gasoline prices in Russia have fallen by almost 10%, despite the lifting of the export ban on December 1. During the same period, the wholesale price of diesel fuel (DF) decreased by 7%. However, the situation at gas stations is the opposite. The price increase for all types of gasoline and DF not only continues, but has even accelerated. According to the Moscow Fuel Association (MTA), in just the past week, the price of DF in the capital rose by 41 kopecks, A-92 gasoline by 31 kopecks, and A-95 ...

700% Inflation in Russia: How Prices and the Ruble Exchange Rate Have Changed Since 2001

... what awaits the Russian economy in the coming years? We analyze this in the article. Inflation in Russia Since 2001: Changes in Prices and the Ruble Exchange Rate Since 2001, the inflation rate in Russia has exceeded 700%, with an average annual price increase of 9.1%. During this time, the ruble has significantly weakened against the dollar, while housing, food, and fuel prices have increased multiple times. How has the cost of living in Russia changed over more than two decades, what factors have ...

Why are gasoline and diesel prices rising in the fall of 2024

... retail gasoline prices at gas stations in the capital rose by 17-18 kopecks, while diesel prices increased by 27 kopecks. The end of autumn is objectively a period of transition from summer and interseasonal to winter diesel fuel, which contributes to price increases. Currently, according to the St. Petersburg International Mercantile Exchange (SPbMTSB), the price of winter diesel fuel is 23% higher than that of summer diesel. An equally important factor is the lag in diesel price growth compared to the ...