What to expect at the gas station? Records the stock price of AI-95 are updated every day

the Price of gasoline AI-95 at the St. Petersburg international Mercantile exchange (SPIMEX) the fourth trading day in a row, has updated the historical record. In this case of fuel shortage in the country.

the Price of AI-95 on the stock exchange on 2 July rose for the first time to 58,445 thousand rubles per ton (+1.1 percent), according to trading on a national index (reflects the weighted average price of petroleum products to all major refineries in Russia).

prices for the gas stations do not grow as fast and stock records in the cost of fuel does not directly affect the retail price. Vertically integrated oil companies sell most of the fuel in the country — in retail and wholesale. These companies have a full production and marketing of petroleum products ranging from crude oil production and refining to sale at the gas station. Therefore, they have lower costs and the biggest companies can keep prices low, as provided for in the agreement with the government.

the Fuel on the stock exchange to buy or speculators, or small company for its own purposes, small gas stations, there are non-transparent transactions. The share of companies-dealers on the exchange is estimated at 80%. Since the beginning of the pandemic, the government has reduced the standard of mandatory sale of fuel on the exchange. The fuel is supplied directly to the gas station until the balance of production and supply of fuel.

Independent of the network stations shipped before March, only a fifth of all fuel in the country, and now even less. Therefore, stock prices do not affect on the General trend of retail prices at filling stations. The price of fuel at filling stations does not exceed the rate of inflation, as previously approved by the agreement of the government with major oil companies.

the owners of small gas stations offered the government to abolish price controls on gasoline.

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 (battery + tion 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.