Shulginov reported on the discussion of lifting the ban on the export of AI-92 and AI-95 gasoline
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The Russian government is discussing lifting the ban on the export of AI-92 and AI-95 gasoline, Energy Minister Nikolai Shulginov told reporters.
“We’re discussing,” he said (quote according to TASS).
The destabilization of the situation on the motor fuel market began against the backdrop of a sharp rise in prices in the wholesale market. Quotes reached a new historical maximum at the end of July, and in August they continued to grow after a slight pullback. Against this background, the cost of petroleum products at retail also began to rise. According to Rosstat, in January–August, gasoline prices of all brands rose by 7.4%, with official inflation at 3.7%.
On September 21, the Russian government introduced a complete indefinite (“until the situation stabilizes”) ban on the export of diesel fuel and gasoline. Exceptions for export in the resolution are made for supplies to the EAEU countries. How noted experts interviewed by Vedomosti, the authorities took this step because the verbal interventions that were previously used to regulate the fuel market ceased to work, and also because of the resonance around this topic. Such a measure, as noted, will have a short-term effect, but will not help solve the problem in the long term.
October 6th were accepted additional measures, including the removal of restrictions on the export of diesel delivered to seaports by pipeline, provided that the company supplies at least 50% of the fuel produced to the domestic market. The decision was made to prevent overstocking of storage facilities, while the measure will allow maintaining the utilization of the refinery, explained Deputy Prime Minister Alexander Novak.
In addition, the Cabinet of Ministers decided to restore the fuel damper, increase the share of diesel sales on the exchange from 9.5 to 12.5%, and class 5 gasoline from 13 to 15%, and also introduce a protective duty on petroleum products in the amount of 50,000 rubles . per ton for suppliers who buy products for resale.
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