SPIMEX data show a general dip in fuel prices in the aftermath of trading on November 23, with AI-92 and AI-95 gasoline leading the retreat. The market movement indicates a mixed response across refined products as traders digest global supply signals and local demand dynamics. The latest recording from the exchange illustrates a modest pullback in gasoline values, reflecting a broader trend of price adjustments rather than sudden volatility.
Specifically, AI-92 gasoline traded down by a little over three percent, settling at 47,661 rubles per ton, while AI-95 gasoline retreated by just under three percent to 50,122 rubles per ton. These shifts arrive after a period of price consolidation and offer a data point for stakeholders evaluating the trajectory of motor fuels in the Russian market. The figures are drawn directly from SPIMEX registries and provide a snapshot of near-term pricing pressures for the two primary gasoline grades used domestically.
Diesel fuel was not immune to the trend, though the declines were more subdued. Summer diesel posted a 1.1 percent decrease to 56,489 rubles per ton, off-season diesel declined by 0.92 percent to 56,225 rubles per ton, and winter diesel eased by 0.68 percent to 69,304 rubles per ton. This pattern suggests a softening in differential pricing across seasonal variants, aligned with strategic stock movements and refinery throughput expectations as the winter period approaches.
In contrast to the downward drift in fuels, heating oil rose by 4.76 percent to 16,184 rubles per ton, and jet fuel gained 4.26 percent to 81,096 rubles per ton. The LPG segment in the Urals and Siberia followed a different course, dipping by 2.17 percent to 30.41 thousand rubles per ton, signaling regional supply adjustments that influence energy margins across the supply chain. These movements underscore the divergence that can occur among fuel types amid nuanced supply, demand, and logistical factors within the country.
Industry observers note that policy shifts around gasoline exports carry implications for domestic pricing. Some experts argue that lifting or adjusting export restrictions could influence fuel costs within the Russian Federation in the near term, though predictions remain cautious. A senior researcher at the University of Finance commented that an export policy change might eventually affect taxation levels for oil companies, highlighting how regulatory decisions intersect with pricing dynamics. The broader consensus seems to favor stability in retail fuel prices in the foreseeable future, even as policy signals pulse through the market. [citation SPIMEX data and expert analysis].
Earlier in the year, Russia reduced its seaborne oil shipments to a three-month low, a development that fed into the price fabric of related products. Market participants continue to monitor how shifts in export capacity, refinery utilization, and global demand recovery will shape domestic price paths for both gasoline and diesel products as the year closes and the winter season intensifies.