During the week of August 21 to August 28, Russia saw an uptick in average gasoline prices, with the overall average rising by 26 kopecks to 54.54 rubles per liter. Diesel followed suit, climbing by 81 kopecks to 60.84 rubles per liter. These shifts come from Rosstat data and reflect a period of tightening fuel costs across the domestic market.
Breaking down the numbers by brand, A-92 gasoline increased by 19 kopecks to 50.42 rubles per liter, while A-95 rose by 22 kopecks to 55.07 rubles. The premium A-98 grade saw a larger jump of 55 kopecks, reaching 66 rubles per liter. The data paints a picture of a fuel sector experiencing price pressure across multiple segments, influenced by supply dynamics, refinery output, and regulatory factors shaping the domestic market.
Alexander Novak, the former Deputy Prime Minister of Russia, stated that there is currently no shortage of fuel within the Russian domestic market. This assessment underscores a balance between supply and demand, even as prices continue to move higher on weekly basis data and market sentiment. Such statements often accompany discussions about the resilience of Russia’s fuel system in the face of evolving economic conditions.
On August 30, the St. Petersburg International Trade and Raw Materials Exchange reported another update on the price of AI-95 gasoline following Wednesday’s trading cycle. The market reflected a historical record approaching 74 thousand rubles per ton, signaling ongoing volatility and the sensitivity of fuel pricing to global and local signals. These mentions of price records emphasize how exchange-driven pricing interacts with domestic-market factors to shape consumer costs.
Earlier reporting noted that foreign exchange prices for gasoline and diesel for delivery reached their highest levels in Russia during the August to September window. Analysts attributed this spike to policy decisions, including the government’s move to halve depreciation payments to oil workers, which in turn can influence production costs, domestic supply, and downstream pricing. This sequence illustrates the interconnectedness of macroeconomic policy, currency movements, and energy pricing in the Russian context.
By August 25, observations indicated that Russia’s oil export volume was approaching a 15-month low, driven by strong domestic demand. This paradox—strong internal consumption while exports waver—highlights how domestic activity can shape overall energy economics and renewal of refineries, distribution networks, and strategic reserves plays a crucial role in pricing stability and market outlook.
Looking ahead, discussions continue about whether oil will retain its position as the world’s primary energy source. The question remains central as markets evaluate trends in supply, demand, and the broader shift toward energy alternatives. In this evolving landscape, the status of Russia’s fuel pricing, domestic demand, and export dynamics provides a lens into the interplay between energy policy, market forces, and consumer costs. [Rosstat] [Market analysis publications] [Energy sector reports]