Recent data indicate that average gasoline consumer prices in Russia moved lower during the week of October 9 to October 16, 2023. The decline was 16 kopecks per liter, bringing the average to 55.25 rubles, according to Rosstat and reported by TASS. This shift reflects the broader patterns seen in the domestic fuel market as authorities monitor price movements while seeking stability for drivers and commercial users alike.
Breaking down the week’s changes by fuel grade, AI-92 gasoline showed a modest fall of 19 kopecks, settling at 50.93 rubles per liter. AI-95 also eased, dropping 18 kopecks to 55.63 rubles per liter. In contrast, AI-98 experienced a slight uptick of 3 kopecks, with its price rising to 68.33 rubles per liter. Diesel fuel followed the general trend of the period, recording a decrease of 22 kopecks to an average of 64.39 rubles per liter. These movements collectively outline a period of cooling prices for most fuels, even as premium varieties exhibit only marginal fluctuations.
In a related development, Deputy Prime Minister Alexander Novak convened a meeting with leaders of major oil companies, along with officials from the Ministry of Energy, the Federal Antimonopoly Service, and the Ministry of Agriculture. The discussions focused on ensuring continued winter diesel production to meet anticipated demand, underscoring the government’s attention to fuel security and price formation as colder months approach.
Officials also indicated that Western nations are unlikely to lift the price ceiling on Russian oil exports in the near term. The forecast suggests continued control over domestic price dynamics as global markets adjust to evolving geopolitical scenarios, with policy signals aimed at preserving supply stability while preventing excessive price volatility for consumers and industry participants alike.
Analysts have previously highlighted Russia’s position in the oil market, noting advantages that influence pricing and supply decisions. The ongoing interaction between government oversight and market forces continues to shape how prices respond to both domestic production realities and international price pressures.