2023-07-21 00:07:00
Gasoline prices in Russia are growing according to the usual dynamics, but at the maximum level due to the fact that an export alternative has reappeared, as well as due to the rise in prices for oil and oil products. Grigory Bazhenov, head of the Analytical Center of the Independent Fuel Union, told URA.RU regarding this.
“Gasoline prices are rising not only this week. Our prices have been going up since March. The usual dynamics, but now goes to the maximum bar. We are back where we were before 2022. The past year has been anomalous. High margins, low exchange prices, no pronounced seasonality. Companies were restructuring in terms of export deliveries. Rebuilt. Now, once more, the export alternative is beginning to seriously affect price dynamics. Oil and oil products rose in the world market. The ruble exchange rate has weakened,” said Grigory Bazhenov.
According to the interlocutor of the agency, such problems with prices can be avoided by canceling the fuel damper. “We have been saying for a long time that the damper is a bad mechanism. It doesn’t work as intended. This is a subsidy on profits, a tax on losses. It constantly has to be reviewed, redone. What edition of the damper is already? This is some kind of madness. Is this a good mechanism that is constantly being revised? He is manipulative. You can very easily manipulate the price with the help of a damper and tell the regulators that they can’t do anything,” the analyst explained.
“A good mechanism is one that encourages delivery through the exchange. If we want to resolve this issue, then we need to cancel the damper, increase the volume standards through the exchange and give oil companies the opportunity to receive a discount if they deliver through the exchange. This will change something. Everything else is a dead poultice,” concluded Bazhenov.
Earlier it became known that exchange prices for AI-95 gasoline in the Russian market continued to grow and exceeded 69 thousand rubles per ton. According to the St. Petersburg International Commodity and Raw Materials Exchange, these are record values.
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