Exchange price of gasoline AI-95 updated historical record on Tuesday 30 June the third trading day in a row after Monday 29 June, and after record on Friday, June 26.
the Price of gasoline AI-95 at the St. Petersburg international Mercantile exchange (SPIMEX) June 30 rose for the first time to 57,807 thousand rubles per ton (+102 rubles), according to trading on a national index (reflects the weighted average price of petroleum products to all major refineries in Russia).
At the same prices of petrol stations has accelerated the growth in the South due to resorts. In Crimea and Sevastopol, the cost of gasoline at filling stations rose the previous week by 1.2-1.5 rubles per liter, AI-95, and a liter of AI-92 has risen in price for 50 copecks, and in the last weeks of June 28 price tag added another 30 cents and close to 50 rubles per liter.
In the Central region are growing at around 15 kopecks for AI-92 and AI-95 on average. In the North-West region more expensive gasoline faster — about 30 cents. In the South, gasoline is expensive even noticeable — 50 cents.
the Previous record was on Monday 29 June — the price of gasoline AI-95 reached 57,705 thousand rubles per ton (+271 rubles), and June 26, Friday – 57,434 thousand rubles per ton.
Max prices are updated several times a week since June: the beginning of the holiday season and car travel have increased the demand and prices at the gas station.
at the same time Russia maintains a ban on the import of foreign fuel, which is cheaper than Russian.
to lift the ban on the import of fuel is not necessary, the Director of Department of oil refining and gas of Ministry of energy of Russia Anton Rubtsov:
“This temporary measure will be repealed either in time or ahead of schedule. Until we see that demand has not recovered, we catch up with production, we went out on the acceptable level of the economy. Short-term to take back again, it’s probably wrong.”
the Price of AI-92 after a few records earlier in June and may, today, remains at the level of 50,452 thousand rubles — innear the previous record high June 18 — 50,576 thousand rubles per ton, but increased from the previous day 514 rubles.
During the quarantine in Russia decreased fuel consumption by 40-50%. This led to a decrease in the production of gasoline in Russia in April for the first time on 10%. Fuel production recovers in June to the level of June last year. The exports of petroleum products will be reduced, and the supply of the domestic market will increase, said earlier the Ministry of energy.
Among the reasons for the rise in price of gasoline and the damping mechanism (instead of the direct dependence of prices at the gas station to the price of oil), and reducing the required volume of gasoline sales on the stock exchange, and the prohibition to import fuel into the country. These restrictions were imposed on the quarantine period to support the oil companies.
According to the damping scheme of the budget, when the price of oil rises, oil companies are obliged not to raise the price of fuel at filling stations in Russia followed by oil prices. For this, the oilers get the extra budget for stable prices at the filling stations (a positive damper). When the price of oil decreases, the oil companies deduct the difference in the budget to curb fuel prices at a higher level instead of lowering it (negative damper). Russian oil companies in 2019 received from the budget for the containment of fuel prices 250-300 billion rubles, according to Finance Ministry data.