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Fuel market comes out of deficit: What will happen to prices at gas stations In October, restrictions on the sale of fuel were completely lifted in 15 regions of Russia, including restrictions, parity systems and refueling using QR codes, according to Izvestia. Rostat also recorded a drop in gasoline prices in 57 regions for the week of October 20 to October 26. At the same time, in some regions, including Tambov, Leningrad and Yamalo-Nenets Autonomous Okrug, local restrictions on volumes and a ban on filling containers remain. Stabilization was the result of a system of measures. According to the first deputy chairman of the State Duma Committee on Energy, Yuri Stankevich, restrictions on the export of oil products, acceleration of refinery repairs, changes in currency trading rules and adjustments to the flood mechanism played a significant role. Another tool was importing fuel (3-5% of consumption), especially important for remote areas. According to the experts of the Amin partner association, the reduction of seasonal demand after the end of the sowing periods and the holidays also helped. Industry analysts note a gradual convergence of prices at independent gas stations to the level of vertically integrated companies. However, a significant drop in retail prices is not expected: the market has reached a new basic level. Additional dynamics will be determined by the timing of unplanned refinery repairs and the supply of the necessary equipment.

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🇷🇺 Russia · Map

Fuel market comes out of deficit: What will happen to prices at gas stations In October, restrictions on the sale of fuel were completely lifted in 15 regions of Russia, including restrictions, parity systems and refueling using QR codes, according to Izvestia. Rostat also recorded a drop in gasoline prices in 57 regions for the week of October 20 to October 26. At the same time, in some regions, including Tambov, Leningrad and Yamalo-Nenets Autonomous Okrug, local restrictions on volumes and a ban on filling containers remain. Stabilization was the result of a system of measures. According to the first deputy chairman of the State Duma Committee on Energy, Yuri Stankevich, restrictions on the export of oil products, acceleration of refinery repairs, changes in currency trading rules and adjustments to the flood mechanism played a significant role. Another tool was importing fuel (3-5% of consumption), especially important for remote areas. According to the experts of the Amin partner association, the reduction of seasonal demand after the end of the sowing periods and the holidays also helped. Industry analysts note a gradual convergence of prices at independent gas stations to the level of vertically integrated companies. However, a significant drop in retail prices is not expected: the market has reached a new basic level. Additional dynamics will be determined by the timing of unplanned refinery repairs and the supply of the necessary equipment.

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