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Retail gas prices rose record in Russia

Retail gas prices rose record in Russia
Photo: pixabay.com
In just a few days - from June 15 to June 19 - prices for AI-95 gasoline rose in Russia by almost 0,5%, AI-92 gasoline rose in price over the same period by 0,4%. This compares to annual growth.

According to information "Russian newspaper”, An analysis was conducted by Thomson Reuters Kortes experts. From the end of last year to June, price increases ranged from 0,2% (AI-95) to 0,3% (AI-92). By June 15, the rise in price doubled to 0,5% (AI-95) and 0,6% (AI-92). 

These trends mean that only in the last week, the rise in retail fuel prices was comparable to the year. At the same time, the exchange prices per ton of gasoline on June 17-18 rose to 57,3 thousand rubles per ton - this is a new record. The previous maximum price was observed during the gasoline crises in the spring and autumn of 2018.

At the same time, additional ones have been working since 2019, restraining gas prices mechanisms that compensate for losses to oil workers during high oil prices, and vice versa, withdrawing their additional budget revenues during low oil prices. The sharp rise in price in the Ministry of Energy is associated with economic recovery, but the FAS promised to verify the reasons for the record growth, not excluding the possible collusion of market participants. 
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