Gasoline and diesel exchange prices for August-September delivery in Russia updated their highest levels. Experts attribute this to the government’s decision to halve depreciation payments to oil workers. This post reports NOSE.
“Due to the reduction in compensation, oil companies began to export fuel more actively at the expense of the domestic market,” said Stanislav Mitrakhovich, a leading analyst at FNEB.
As a result, there is a shortage of gasoline at gas stations in some regions of the Russian Federation. “Some areas of the Rostov and Astrakhan regions are completely out of fuel,” the operator of one of the local gas stations told Kommersant.
Meanwhile, shipping companies are demanding administrative control over the price of diesel fuel, but the Department of Energy is skeptical of the idea. “Hard price regulation could worsen the shortage,” the ministry said.
Instead, the government announced plans to tackle gray fuel exports through licensing or exporter lists. But oil expert Alexei Kokin is confident that this will not solve the main problem.
“The reduction of dampers needs to be canceled to stimulate supply inland,” he stressed. Meanwhile, the high world oil prices prevent the increase in retail customs duties in Russia.
Gas station price hikes and shortages could continue until the compensation cut is corrected, analysts warn. Otherwise, the risk of rising inflation in the country will increase significantly.
At the same time, Western media reported that fuel exports from Russia to start slow down.
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