... have different peak demand seasons. For gasoline, the consumption period is the holiday season, from late spring to autumn. For DF, it's the period of active agricultural work, from late summer to November. As a result, the nullification of the 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....

... than 20% for DF. Currently, if either of these values is exceeded, the damping is nullified. The mechanism can also work in reverse if export prices are lower than domestic prices. However, this has only happened once in the history of the damping mechanism (since 2019), in 2020, when oil prices collapsed. As for extending the application of the investment surcharge on reverse excise duty for oil until January 1, 2033, Tereshkin believes that this measure will support the industry. The investment surcharge is intended for oil refineries ...

... Mercantile Exchange reached a record 84,879 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 in check....

... outcome of the offering. Trading commencement and post-distribution. After distribution, the issuance of new shares to the register is organized, and they begin trading on the exchange. From this point, the papers start trading freely. For large SPOs, price stabilization mechanisms may be introduced. In international transactions, the "green shoe" (an underwriter's option to sell more shares) is common, but in Russia, such an instrument is rarely used. Nevertheless, underwriters may temporarily support the price ...

... that the Saint Petersburg International Commodity and Raw Materials Exchange (SPIMEX) accounts for no more than 15% of wholesale fuel sales. By controlling price growth here, oil companies ensure the payment of subsidies from the budget through the price damping mechanism (for wholesale fuel supplies to the domestic market at low prices), but incur no significant costs because 85% of the fuel is sold outside the exchange. Overall, the strategy of oil companies is rational: controlling exchange prices while raising ...