The average price of AI-92 gasoline at Russian gas stations in March will be 50.5-51 rubles per liter, that is, it will remain at the current level or increase slightly – 50 kopecks. This forecast was given to socialbites.ca by Candidate of Economic Sciences, Associate Professor of the Department of Finance at the Russian University of Economics for Sustainable Development. GV Plekhanov Ayaz Aliyev.
“The further from the center of the country the higher the price will be in the region (for example, the Far Eastern Federal District). The average price of a liter of diesel fuel will remain at 65-67 rubles (plus 53 kopecks – 2.53 rubles). The government monitors gasoline and diesel prices and attempts to make operational decisions as changes occur that allow for regulation. “Thus, it was decided at the government level to increase the diesel sales volume through the stock exchange,” he said.
According to him, sales volumes showed a not so noticeable increase – by 3.5%.
“The measure is preventive and positive. Of course, this should limit the increase in fuel prices, so there is no reason for a strong change in prices in February for now. Prices may adjust slightly in the future but will be more affected by speculative factors. At the government level, trends have already been established that will determine the basic principles of pricing. However, diesel sales standards need to be raised further,” Aliyev evaluated.
According to him, a 20-25 percent increase in diesel sales in the stock market will provide strong support to the market within the scope of price stability.
The economist emphasized that the share of fuel costs for citizens is on average about 10-15 percent of income. Aliyev stated that this figure will increase according to the inflation rate, so prices are adjusted on average every six months.
On March 1, Russia banned gasoline exports. The restriction will be valid for 6 months. However, authorities do not plan to completely ban diesel fuel exports.
Previously, Sergey Tereshkin, CEO of the oil products market Open Oil Market guess Increase in global diesel demand.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.