An expert expects the current price level of AI-95 gasoline to remain unchanged until the end of the year.

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Expert Expects AI-95 Gasoline Prices to Stay Stable Until Year-End
24.09.2024
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MOSCOW, September 24 - PRIME. Prices for AI-95 gasoline in Russia, both wholesale and retail, will remain unchanged until the end of the year, which means that the profitability of sales will be close to zero, Sergey Tereshkin, CEO of the "Open Oil Market" petroleum products marketplace (a resident of Skolkovo), shared with RIA Novosti.

Earlier on Tuesday, the Kommersant newspaper, citing calculations by the Petromarket Group, reported that despite a decline in wholesale gasoline prices in September, gas station operators have been incurring losses from selling AI-95 gasoline for the third consecutive month. At the same time, the "economics of AI-92 sales, although worsened, remains positive." Meanwhile, the price of gasoline on the St. Petersburg International Mercantile Exchange (SPIMEX) fell on Tuesday after rising earlier in the week.

"In the AI-95 gasoline segment, the status quo will remain until the end of the year... Exchange prices for AI-95 will, on average, be 15-20% higher than those for AI-92... Oil producers will need to offset losses from increased costs associated with unplanned repairs at refineries. Therefore, the profitability of AI-95 sales will be close to zero," Tereshkin believes.

Additionally, he noted that seasonal factors no longer play a key role in shaping fuel prices. Traditionally, gasoline prices peaked in spring and early summer due to increased car travel. Diesel fuel prices, in contrast, tended to rise sharply during the harvest season.

However, this year, the key market influence has been reduced gasoline production caused by damage to refinery infrastructure, according to the expert. "To stabilize the fuel market, it is necessary to increase the production of petroleum products. However, this is not entirely within the power of oil companies or regulators," the expert concluded.

Since March 1, Russia has had a ban on exporting gasoline abroad, except to EAEU countries. At the end of May, the ban was temporarily lifted, but in August, it was reinstated. The government decided to extend the embargo until the end of the year to maintain market stability during the period of seasonal demand and planned refinery repairs.


Translated using ChatGPT

Sourse: https://1prime.ru/20240924/benzin-851746517.html
#Gasoline Prices #AI-95 Fuel #Fuel Market #Energy Economics #Oil Industry #Russia Gasoline Prices #Fuel Price Stability #Market Trends #Energy Sector Forecast #Gasoline Cost Analysis
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