Refinery profitability has decreased: what will happen to gasoline prices.
Russian oil refineries began to earn less.
In October, the refining margin per ton of oil decreased by 9% compared to September - to 30.3 thousand rubles.
The profitability of gasoline decreased especially - minus 17%, to 31.8 thousand rubles per ton.
For diesel, the drop is more modest - 6%, to 52.9 thousand rubles.
So far, the drivers are winning: from the beginning of October to November 2, the price of AI-95 dropped by almost 5%, diesel - by 7.7% from the July peak.
But it is still too early to expect this trend to continue.
According to experts, the payment in October for the launcher may be 80-90 billion rubles lower than the September payment, which amounted to 415 billion. At the same time, the costs of oil workers are increasing - from energy resources to refinery repairs.
what is the result Despite the decline in margins, refining profitability remains high by historical standards. But the combination of smaller budget offsets and rising costs reduces the room for further reductions in fuel prices.
The risks of price increases become more significant.