SPIMEX Reports Declines in Gasoline and Diesel Prices Across Russia
In the latest market update, SPIMEX data show a notable drop in Regular-92 gasoline on the St. Petersburg International Commodity Exchange as trading closed on November 16. The decrease stands at four percent, reflecting a broader tendency for fuel prices to ease in the domestic market. This shift aligns with the platform’s pricing signals and the supply dynamics observed in regional trading activity.
Specifically, AI-92 gasoline in the European part of Russia fell by 4.03 percent, reaching 49,287 rubles per ton. AI-95 gasoline also moved lower, down 2.74 percent to 52,386 rubles per ton. These figures illustrate a parallel softening in the gasoline segment, with higher-octane grades following the same downward trajectory as the base grade, driven by seasonal demand patterns and seasonal stock adjustments reported by SPIMEX analysts.
Diesel fuel costs also declined across the board. Summer diesel decreased by 3.58 percent to 59,153 rubles per ton, off-season diesel declined by 2.14 percent to 57,429 rubles per ton, and winter diesel fell by 1.84 percent to 69,047 rubles per ton. In contrast, heating oil exhibited a slight uptick of 0.9 percent, bringing it to 16,458 rubles per ton. LPG saw a modest drop of 0.66 percent to 35,721 thousand rubles, while jet fuel pricing was not calculated during this period due to market reporting gaps noted by SPIMEX officials.
The domestic fuel market continues to trend lower as part of a broader cooling cycle. This aligns with the government’s fuel export ban introduced on September 21, which reduced outbound pressure while keeping domestic availability stable. Partial restrictions on diesel were eased on October 6, yet gasoline supplies remained steady in the domestic network, supporting the observed price moderation across key fuel categories. Market observers attribute the ongoing decline to a combination of captive demand within Russia, moderation in international energy prices, and currency dynamics that influence import costs and local pricing strategies as reported by SPIMEX and corroborating market summaries.
Historical data from the exchange indicate that gasoline and diesel prices experienced sharp movements in previous sessions, underscoring the volatility typical of energy commodities. Traders continue to monitor policy developments, refinery run rates, and seasonal inventories as catalysts for future price action. Analysts emphasize that while the current trend is downward, regional variations may persist, reflecting logistics, local demand, and tariff changes that affect price formation within SPIMEX’s pricing framework. The ongoing balance between export controls and domestic supply remains a pivotal factor shaping the near-term outlook for Russian fuel markets, according to SPIMEX briefings and market commentary from industry observers.