The Ministry of Energy of the Russian Federation stated that rising foreign currency prices for gasoline are not expected to produce a notable change in retail pricing. The announcement, reported by TASS, notes that fluctuations in stock prices will not lead to meaningful shifts in the end price paid by consumers at gas stations.
According to the ministry, independent gas stations that source gasoline on the stock market operate with defined wholesale and retail margins. This structure has helped keep the retail price of gasoline from outpacing the pace of inflation since the start of the year, demonstrating a degree of price resilience across the sector despite broader market movements.
The ministry additionally urged oil companies to boost the supply of motor gasoline on the stock market and to give particular attention to AI-95 gasoline, underscoring the importance of maintaining adequate availability on the market while monitoring grade-specific demand and pricing dynamics.
In late April, there were reports that foreign exchange pricing for gasoline in Russia began to rise sharply in response to news about plans by the Ministry of Finance to adjust depreciation payments to oil industry workers. This context helped explain short-term price volatility and the broader sensitivity of the market to fiscal policy signals.
Earlier in March, there were statements indicating that exchange-based gasoline prices were nearing yearly highs, highlighting a period of noticeable volatility in the ruble-denominated cost of imports and the resultant impact on wholesale and retail pricing across the country. The ministry’s updates reflect ongoing attention to how currency movements intersect with energy market fundamentals, supplier behavior, and consumer prices.