The Russian government temporarily limited the export of diesel fuel and diesel fuel. Prime Minister Mikhail Mishustin signed the relevant document resolution 21 September.
“The decision was made to stabilize fuel prices in the domestic market,” the government press service said.
The restrictions will come into force on September 21. The end date of the restriction period is not specified.
It is stated that the temporary ban will not apply to the following people:
– for supply to EAEU countries (Kazakhstan, Belarus, Armenia and Kyrgyzstan);
— to Abkhazia and South Ossetia;
— for humanitarian aid;
– For transit transportation through the territory of Russia;
– for goods exported from the territory of the Russian Federation as part of international transit transportation starting and ending outside the territory of the Russian Federation;
– for goods transported through the territory of foreign states between parts of the territory of the Russian Federation;
– for goods exported by individuals for personal use.
The Energy Ministry said the restrictions would stop exports of “gray” fuel that would saturate Russia’s domestic market.
“Due to export restrictions, an increase in the supply of motor fuel is expected in the domestic market, which may lead to an additional decrease in prices,” the ministry said in a comment.
Chairman of the State Duma Vyacheslav Volodin supported the Cabinet’s decision, stating that it would normalize the situation with prices and eliminate the fuel shortage.
“We support your approach. First, it is necessary to meet the needs of your consumers and then supply them abroad. We will keep the problem under control,” he wrote on Telegram.
rising prices
The other day, Deputy Prime Minister Alexander Novak said that the wholesale fuel market appeared He said “disproportionality” and said that the government was ready to make radical decisions.
Over the past few months, fuel exchange prices in Russia have remained at record highs, and retail prices have also increased significantly. According to Rosstat, the average price of gasoline in the Russian Federation reached 55.65 rubles per liter. The price of diesel fuel increased the most last week – by 1.32 rubles to 63.96 rubles per liter. As of September 21, the foreign exchange price of AI-92 gasoline reached ₽61,883 per tonne, the price of AI-95 premium fell to ₽66,521, and the cost of diesel fuel decreased to ₽71,869.
The increase in gasoline prices was one of the strongest increases in the last 10 years. Fuel inflation accumulating towards the end of summer is already exceeded Figures for all years 2013, 2015, 2016, 2019 and 2020. The main reason for the increase in prices was called “gray” exports.
First Deputy Chairman of the Duma Committee on Economic Policy Denis Kravchenko Of courseIt is stated that the increase in fuel prices in Russia is related to speculation in the wholesale market. The measures currently taken by the government will help regulate the situation on the market, and in the coming days the cost of diesel fuel will begin to fall to previous levels.
Vice President of the Russian Fuel Association Yuri Matveiko said that one of the main reasons for increasing fuel prices is St. He believes there is a shortage at the St. Petersburg Commodity Exchange. Regional networks of gas stations that are not part of vertically integrated oil companies purchase fuel from this region.