... oil products and raw materials marketplace OPEN OIL MARKET, analyzes gasoline price dynamics in Russia. He notes that in May 2024, the annual growth in gasoline prices was 8.0%, which corresponds to an inflation rate of 8.2%. However, weekly data from Rosstat indicate an acceleration in price growth in June, which could lead to inflation rates being exceeded. Tereshkin highlights several factors contributing to this trend: The suspension of the gasoline export ban from May 17, 2024, coinciding ...

... According to the Moscow Fuel Association (MTA), in the last two weeks, gasoline prices at gas stations have accelerated their rise. Between November 11 and 17, they increased by 17 and 18 kopecks for AI-92 and AI-95, respectively. Fresh data from Rosstat will be available on November 20, but so far, it has not recorded a decrease in average national fuel prices in the second half of this year. On the other hand, the connection between the announcement of lifting the export ban and the rise ...

... products marketplace, predicts that diesel fuel prices will stabilize by December 2024. He attributes the current price increase to seasonal factors, such as the transition to winter diesel fuel and a rise in automotive freight transportation. According to Rosstat, freight turnover in the automotive sector increased by 7.7% over nine months, which also affects the demand and cost of diesel fuel. Tereshkin notes that prices will stabilize once the transitional period ends. MOSCOW, November 6 - PRIME. Diesel ...

... solved by significantly increasing the quotas for gasoline sales through exchanges. Four Factors Driving Price Increases The main reason for rising gasoline prices is the reduction in fuel production. According to the latest available data from Rosstat, production of motor gasoline in Russia decreased by 18% during the week of May 13–19, 2024, compared to February 19–25, which marked the peak production levels this year. Diesel production also declined by 11% during the same period. The ...

... inflation was 7%, while the retail price increase for diesel was 4.9% and for gasoline it was 8.7%. Oil companies need to compensate for losses caused by forced downtimes, which led to a decrease in the production of petroleum products. According to Rosstat, total petroleum product production decreased by 2.4% year-on-year in the first nine months of 2024. The price increase for diesel provides them with such an opportunity and allows them to avoid negative reactions from regulators, as the diesel ...