With a possible decrease in oil exports, domestic supply may increase, but a sharp increase in fuel demand will not occur. About this “Prime Minister” stated Associate Professor of the Department of Economic Theory, Russian University of Economics GV Plekhanova Tatiana Skryl.
“If Russia cuts off oil exports as promised, that could increase domestic supply. This stimulates demand and reduces the element of unpredictability,” Skryl said.
According to him, fuel prices are now rising within the limits of inflation, which means that the price of the year can already be predicted.
He added that the seasonal factor may affect the price of gasoline. For example, in the spring, fuel demand is rising due to the agro-industrial sector, and many oil refineries are undergoing scheduled repairs. If all these factors coincide, fuel prices will increase.
January 24 newspaper “Kommersant” WroteHe said the cost of gasoline and diesel fuel on the St. Petersburg International Commodity Exchange (SPIMEX) fell to the lowest levels in several years amid expectations for the EU embargo on imports of Russian petroleum products to be implemented on Feb.