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Fuel is drained from the circuit

15 November 2022

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

Sergey Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance, commented to the Kommersant newspaper on the introduction of a duty on gasoline and diesel fuel, for which a damper was paid.

From 2023, the Ministry of Finance wants to introduce a protective export duty on gasoline and diesel fuel, which were initially shipped to the domestic market, and for which a damper was paid. Thus, the Ministry of Finance wants to stop the scheme, which became possible this year, in which, due to the fall in fuel prices within the country, subsidized petroleum products from the domestic market began to flow for export.

This year, the problem with "gray" fuel exports has escalated, Sergey Kondratiev says. In his opinion, in recent months, up to 5-7% of exports were in the "gray" zone (up to 20 thousand tons of gasoline and up to 80-100 thousand tons of diesel fuel per month). According to expert estimates, losses from such operations for the budget could amount to 2.5 billion rubles per month. Additional export duty of 20 thousand rubles per ton, in his opinion, will make such schemes ineffective - payments for a damper for gasoline in October 2022 amounted to 9.5 thousand rubles per ton, for diesel fuel - 25.8 thousand rubles per ton.

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