Gasoline prices in Russia could rise further due to a single government decision

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From the beginning of September this year, the volume of payments from the Russian federal budget for representatives of the oil industry will be halved. In such a scenario, the level of government support for industry representatives will drop sharply, informs Interfax agency with reference to private sources.

The essence of the tipper mechanism is to encourage oil companies to ship more fuel for further sale within the country. If the export price of the fuel exceeds the fixed price of the domestic market, the budget overpays the oilers. The article notes that a sharp decrease in financial state support can cause an additional increase in fuel prices in the Russian Federation.

“This measure needs to be introduced, given that the government did not have time to agree on the “halving” of shock absorber payments for gasoline and diesel fuel, announced by the Minister of Finance of the Russian Federation Anton Siluanov. Not from July 1, but from September 1. Discounted payments will be valid for one year.

On May 30, Kommersant newspaper, citing sources reportedreported that after the results of the last month of spring, Russian oil companies reduced their raw material processing volume by 6.4% to 715 thousand tons per day. The main reason for such dynamics was repair work at oil refineries (refinery).

formerly Reuters in the open A “radical” way of dealing with the risks of fuel shortages by the Russian authorities.

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