HomeMediaLatest NewsWhy is the price of gasoline rising in Russia: robots on the stock exchange, a shortage or another reason?

Why is the price of gasoline rising in Russia: robots on the stock exchange, a shortage or another reason?

02 February 2024

Gromov Alexey I. Principal Director on Energy Studies, Head of the Energy Department

Alexey Gromov, Principal Director on Energy studies of the Institute for Energy and Finance, commented on the new initiatives of the Federal Antimonopoly Service regarding regulation of the petroleum products domestic market to the Internet portal "Oil and Capital".

Alexey Gromov is still cautiously assessing the consequences of the "big tax maneuver", but the FAS initiative is rather positive.

"I do not see a direct impact of the "maneuver" on the domestic market. So far, little time has passed to speak with confidence about its potential negative consequences. In theory, the main regulator in this story will still be the situation on world markets with prices and a damper that should regulate this problem. Let's see how much the authorities will pay for the refinery in January.

The FAS initiative is a tool to increase the importance of quotations for the formation of prices for petroleum products. If such an offer works, then companies in the Russian Federation will have more incentives to bring petroleum products to the stock exchange, thereby forming liquid prices. The tool is useful. Especially to increase exchange trading in petroleum products, because it is impossible to force companies from Russia to sell sufficient volumes on the stock exchange in another way so that it is liquid," the expert concluded.

Gromov Alexey I. Principal Director on Energy Studies, Head of the Energy Department
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