Foreign exchange prices of gasoline in Russia rose by a quarter in January due to fears of supply shortages. This was reported by Interfax St. According to data from the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX).
According to stock exchange data, the cost of AI-92 increased by 26.3% to 51.1 thousand rubles per ton, and the cost of AI-95 increased by 24.2% to 54.5 thousand rubles per ton.
The rise in prices began after reports that a unit at LUKOIL’s Nizhny Novgorod Oil Refinery was under repair. This increased concerns about a possible gasoline shortage. Later, Deputy Prime Minister Novak said that the market situation was stable and other companies were ready to increase fuel supplies.
At the same time, due to oversupply, the cost of winter diesel fuel in January decreased by 14% to 58.7 thousand rubles per ton. Summer and off-season diesel fuel prices have increased slightly.
Before that, Alexander Dyukov, head of Gazprom Neft highlightedThe current oversupply on the market makes it unnecessary to introduce possible new restrictions on fuel exports from the Russian Federation.
Previous operators reported Authorities regarding the increase in fuel prices after the removal of export restrictions.