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Gasoline sale became unprofitable in Russia
Fuel in the Russian wholesale market is sold below cost because of mandatory payments to the budget during the crisis. Losses of companies from each ton are several thousand rubles.
As the RBCDuring the week from April 13 to April 19, the price of AI-92 on the St. Petersburg International Commodity and Raw Materials Exchange fell by almost 11% - by 4,2 thousand rubles. On Monday, April 20, it amounted to 35,77 thousand rubles per ton (in the European part of Russia). Now the costs of companies, including payments to the budget for damper, excise, VAT and MET, amount to 38,07 thousand rubles per ton.
Many cities of Russia “freeze” because of the coronavirus, leaving for quarantine and self-isolation, because of this automobile traffic is falling. Experts say that fuel prices fell due to a sharp drop in demand. At the same time, sales at filling stations decreased by 30-70% in different regions.
The source of the publication believes that the situation can be stabilized by lowering the standards for the sale of petroleum products on the stock exchange. In the meantime, despite the declining demand, oil refineries are still obliged to put up 10% of gasoline and kerosene production and 6% diesel fuel for stock trading.