Ai-95 gasoline has fallen in price by almost 3%
By ForGeeks
With the recent price hike, the cost of Ai-95 gasoline on the St. Petersburg International Mercantile Exchange (SPIMEX) has fallen by almost 3%. This is the first noticeable decline after more than a week of growth and the renewal of historical highs.
Ai-95 fell in price to 78.2 thousand rubles per ton
According to the stock exchange, on Wednesday, August 13, the price of a ton of Premium-95 gasoline fell by 2.87% to Br78,203. A day earlier, this figure reached a record Br80,510 per ton.
Ai-92 gasoline fell in price by 0.59% to Br70,070 per ton. The cost of summer diesel fuel decreased by 1.04% to Br58,641 per ton.
The prices of other types of fuel showed a moderate growth. Aviation kerosene rose in price by 0.75% to Br71.622 per ton. Heating oil added 0.26%, reaching Br22,347 per ton. Liquefied hydrocarbon gases rose in price by 0.06% – up to Br20.983 per ton.
Ministry of Energy and FAS take measures to stabilize the market
The Russian Energy Ministry said that gasoline production volumes will be restored in the coming days. This is due to the completion of unplanned repairs at oil refineries. The ministry also noted that oil companies are introducing reserve refining capacity and increasing production.
The ministry said that gasoline production will be restored in the next few days.
Additional volumes of fuel, freed up by the temporary export ban, are sent on a priority basis to exchange trading and the retail market.
The Federal Antimonopoly Service is considering increasing the minimum standard for gasoline sales on the exchange from 15% to 17%. The agency hopes that this will increase the transparency of pricing and help curb unreasonable price increases.
