HomeMediaLatest NewsIt decreased by 4 kopecks: what does not allow gasoline prices to fall in Russia

It decreased by 4 kopecks: what does not allow gasoline prices to fall in Russia

15 April 2022

Salikhov Marcel R. President, Principal Director on Economic Studies, Head of the Economic Department

Marcel Salikhov commented to Gazeta.ru about changes in domestic gasoline prices in Russia.

In the next two or three months, retail prices for gasoline and diesel fuel will remain stable - approximately at current levels, Marcel Salikhov predicted.

Increasing competition among Russian oil companies will prevent further decline. “They really faced export restrictions and are now forced to fight for the domestic consumer. This holds back wholesale prices,” says Salikhov.

In addition, the existing damper mechanism allows oilmen and refiners to feel comfortable even in the current difficult conditions, Salikhov specified.

“World oil prices have risen significantly in recent weeks. This means that compensation from the budget to oil companies should also increase through the damper mechanism,” Salikhov explained.

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