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The budget payments to oil workers will be divided by fuel types.
... in the cancellation of compensation for the other. The relevant bill has been developed by the Ministry of Finance.
The government plans to change the rules for compensating oil companies from the budget for fuel supplies to the domestic market (the damping mechanism), by dividing them according to fuel types – gasoline and diesel fuel (DF). Exceeding the maximum established price for one fuel type will not affect payments for suppliers of the other type. The relevant bill was developed by the ...
Sergey Tereshkin: Adjusting the damper may lead to an increase in exchange fuel prices.
Adjustments to the rules for compensatory payments under the damping mechanism, currently being discussed by the government, are intended to support oil companies but may lead to a slight increase in exchange prices. This opinion was expressed in an interview with RG by Sergey Tereshkin, General Director of the ...
An expert explained the sharp increase in the market value of aviation fuel in Russia
...,879 rubles per ton. Sergey Teryoshkin, General Director of the petroleum products marketplace "Open Oil Market," explained this surge by citing the lack of incentives for oil companies to restrain jet fuel prices due to the specifics of the damping mechanism. Unlike automotive fuel, where the government compensates producers for the difference between export and domestic prices, subsidies in the aviation sector are directed directly to airlines, leaving producers unmotivated to keep prices ...
Starting from August 1, the ban on fuel exports will be reinstated. What does this mean for the market?
... were allowed for another month in June — until July.
Thus, the current fuel market regulation model relies on three parameters, according to Sergey Tereshkin, CEO of the oil products and raw materials marketplace Open Oil Market. These include the damping mechanism, which sets limits on exchange price growth for diesel fuel and AI-92 gasoline; actual price growth rates for gasoline and diesel, which must not exceed general inflation rates; and export bans, which take effect when retail price growth ...
Gasoline prices are still rising at gas stations, but they are already decreasing on the exchange.
... accelerated price growth at gas stations will continue for AI-98 and higher grades of gasoline. A serious threat to the fuel market, however, is the current drop in oil prices, which could prompt the Ministry of Finance to reduce subsidies under the damping mechanism (compensating part of oil companies’ costs from the budget for supplying fuel to the domestic market at prices below export levels). The expert recalls that a previous attempt to cut subsidies in July 2023 led to a rally in the fuel ...