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31 May 2023

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department

Sergey Kondratiev, Principal Director on Economic Studies at the Institute for Energy and Finance commented to the Kommersant newspaper about gasoline prices.

The government is facing a dilemma - either to refuse to adjust the damper, or to face a new wave of rising fuel prices in wholesale, and then in retail, Sergey Kondratiev believes. He notes that the transfer of the increase in wholesale prices to retail has already begun: on May 15–22, the cost of gasoline at gas stations increased by 0.2% compared to a week earlier (by 0.6% by the beginning of the year). Thus, in his opinion, a significant change in the conditions for calculating the damper can become an important pro-inflationary factor, and the rejection of such a decision, at least temporarily, is fully justified.

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department
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