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The forecast for an increase in fuel prices up to 30% was given in the RTS

The forecast for an increase in fuel prices up to 30% was given in the RTS
Photo: pixabay.com

Experts from the Russian Fuel Union (RTS) have warned of a rise in fuel prices in 2022. Compared to December 2020, the cost will increase by 27-30% depending on the brand.

According to "Merchant", RTS turned to the Russian government to Mikhail Mishutin. In their letter, the experts reported on the problems of the country's fuel market. Due to the growth of wholesale prices relative to retail prices, there is a “chronic” negative profitability of retail fuel retail.

In total, the PCT includes 20 regional associations and unions. They unite independent companies for the extraction, processing and sale of oil, gas and oil products.

Legislation can also aggravate the market situation. From January 1, excise taxes on gasoline and diesel fuel will increase, while export duties will decrease. The damper value will also be changed, which adjusts the retail price of petroleum products.

In addition to changes in the calculation of the damper, duties and other things, RTS proposes to subsidize railway transportation of fuel to the Far East. As EastRussia wrote, fuel shortage in the Far Eastern Federal District is three million tons. The lifting of restrictions on the sale of low-alcohol drinks could also help the development of gas stations. It is also proposed to introduce reduced rates for acquiring for gas stations - from 1,5% to 0,9%.

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