Gasoline prices increased by 0.6% over the week despite the ruble weakening, a trend reported by Kommersant based on Rosstat data. The rise touched the wholesale market where AI-92 and AI-95 gasoline, along with diesel, saw price moves. Analysts attribute the gain to several forces converging in the market. Strong demand for oil products on global and regional stock exchanges has made exports more attractive as the ruble loses value again. In addition, a seasonal uptick in domestic gasoline demand during holidays and refinery maintenance limitations have tightened supply and supported higher prices.
Against this backdrop, government agencies are reportedly exploring new measures to curb illegal exports by reducing the number of active suppliers. Earlier reports indicated that the price of AI-95 gasoline in ruble terms reached a new high, rising to 70,959 thousand rubles per tonne. This milestone underscores the broad pressure on fuel markets from currency movements and demand patterns. Industry observers note that price trajectories in the wholesale market often translate into retail pricing with a lag, affecting motorists and businesses alike.
Looking ahead, the market will likely continue to react to the dual influence of currency depreciation and ongoing demand strength. Refinery maintenance schedules, refinery outages, and maintenance-related supply disruptions can amplify price volatility, while policy responses aimed at stabilizing supply chains may temper sharp fluctuations. The broader question remains how long oil will remain a primary energy source, given the persistent demand dynamics and the evolving landscape of energy alternatives. Market participants will be watching currency trends, refinery operating status, and export controls as they assess future price paths and potential government interventions. In this environment, transparent pricing signals and reliable supply will be crucial for both consumers and commercial users seeking to manage energy costs throughout the year.