... Restrictions on fuel exports cannot solve the technological problems of refineries, and subsidies do not create market incentives for price restraint. Moreover, the industry has been caught in a vicious cycle for years: following a surge in prices, the regulator imposes export bans, and oil producers restrain retail fuel prices. In response, the Federal Anti-Monopoly Service (FAS) and the Ministry of Energy lift the restrictions on fuel exports, after which the cycle repeats. A way out via the exchange The problem is that it is impossible to break this vicious ...

... to the dynamics of AI-95 gasoline supplies. Against this backdrop, the government decided to return to the ban on gasoline exports starting August 1. There is also discussion about extending this ban into September and October, Novak said. New Fuel Market Regulation Model The gasoline export ban is not a first-time measure; the government implemented similar restrictions last year during the fuel crisis in the autumn. However, this time, the measure is presented as preventive for the high-demand period ...

... damping mechanism, for example, due to rising gasoline prices, affected companies producing DF, leading to its price increase (since compensation is not paid) and vice versa. The government now aims to address this imbalance. Dividing the payments by fuel types will help regulate the domestic market better. As noted in a conversation with "RG" by Dmitry Gusev, deputy chairman of the supervisory board of the "Reliable Partner" association, the government's intention to separate damping payments by fuel ...

... monitor prices, but economic laws are inevitable. Alexander Kotov, head of consulting at NEFT Research, believes that the increased tax burden in oil extraction and exports will primarily affect the profitability of oil refining. However, wholesale fuel prices are regulated through the damping mechanism. Retail prices will rise ahead of inflation due to the excise tax increases. The Ministry of Energy is aware of this, but it could not influence the decision to accelerate excise tax growth, the expert notes. ...

... significantly influence fuel production dynamics, which would require lifting sanctions on refinery equipment supplies—a matter outside the jurisdiction of the Federal Antimonopoly Service (FAS) and the Ministry of Energy. A Solution Through the Exchange Regulators can only enhance competition in the retail fuel market by increasing exchange sales quotas. Currently, gasoline quotas stand at 15% of production, and diesel quotas at 16%. Both should be raised to at least 33%—the minimum threshold at which exchange prices would remain below the subsidy threshold ...