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Wholesale Prices For Gasoline In Russia Reached a Record Level
November 13, 2017 22:48


Wholesale prices for gasoline in Russia in mid-November reached a record level in 2017. The cost of AI-92 gasoline rose from November 7 to November 13 by 2.3 percent, up to 42,850 rubles per ton, AI-95 by 1.7 percent, up to 44,990 rubles per ton, the newspapers said, referring to the data from the St. Petersburg international commodity and raw materials exchange.

It is noted that such indicators are not characteristic for the seasonal Russian market where already in October there was a decrease in wholesale prices. The reason for the price increase was a shut-down of one of the key facilities of Gazprom Neft at the Moscow Refinery, which occurred last week. At the same time, the company reduced fuel shipments to the market and began buying gasoline on the stock exchange, which coincided with rising oil prices.

Gazprom Neft promised to restart the plant in mid-November. The shut-down of a part of production in the company was explained by the need to optimize the technological mode of operation.


Author: Anna Dorozhkina


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