Large companies have reduced exports amid sanctions against banks. In addition, Belarusian refineries redirected supplies to the Russian market. High key rate of the Central Bank may prevent further price cuts, gas station owners say.
The Federal Antimonopoly Service (FAS) sees the prerequisites for reducing retail prices for gasoline in Russia after the fall in wholesale prices. This was stated by the head of the service Maxim Shaskolsky, speaking on March 10 in the State Duma.
“Currently, wholesale fuel prices are decreasing, logistics has not changed, volumes are sufficient. There are prerequisites for a reduction in retail prices,” he said.
The fall in fuel prices at the St. Petersburg International Commodity Exchange began last week. From February 28 to March 5, the price of AI-92 gasoline fell by 11.6%, and AI-95 – by 9.6%. Diesel fuel fell by about 12%. Wholesale prices continued to fall this week. Only on Thursday, March 10, AI-92 fell in price on the stock exchange by 6.4%, to 36.88 thousand rubles. per ton (this is the minimum since April 2020). The decline since the end of February was 24.5%. AI-95 on Thursday lost about 2% of the cost, falling to 40.18 thousand rubles. (-22% over the last ten days).
