Gasoline Affordability Across Europe and Russia: 2023–2024 Trends

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Russia ranks fifteenth among European nations for gasoline accessibility based on recent findings from regional energy monitoring. The analysis shows that residents can purchase roughly 1,164 liters of AI-95 gasoline with an average monthly salary. By comparison, households in Luxembourg can afford about 2,600 liters, while those in the United Kingdom reach around 2,000 liters.

Experts note that European fuel prices in 2023 followed crude oil trends. Brent crude averaged near $80 per barrel, and by early 2024 many countries experienced a dip in gasoline prices compared with the previous year.

Prices show a wide gap within Europe. Norway remains among the highest, with gasoline near or above 180 rubles per liter in local terms. The lowest prices have been observed in Central Asia, with Kazakhstan reporting notably lower figures. In Russia, the price per liter has been reported around mid-50s to mid-60s rubles range, with year-over-year increases. Belarus also ranks as relatively affordable at roughly 60–65 rubles per liter in recent assessments.

When considering purchasing power, Moldova stands out as offering the smallest amount of gasoline per salary, roughly 456 liters. Russia’s figure is several times higher by comparison. Countries in Eastern Europe, including Romania and Croatia, tend to appear lower in these affordability rankings.

Forecasts for the near term project an average crude price near 80 dollars per barrel for 2024, with gasoline prices rising alongside inflation by a few percentage points. Incomes are anticipated to grow in tandem, suggesting that fuel accessibility should remain stable overall for the general public in the region.

Recent market activity indicated a climb in fuel prices on major exchange platforms, reflecting ongoing adjustments in supply and demand dynamics.

New export restrictions on refined fuels have been introduced in certain markets, influencing availability and pricing across some corridors. Analysts emphasize that regulatory actions, geopolitical factors, and currency movements will continue to shape how accessible gasoline remains to consumers in both Europe and neighboring regions.

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