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Records of growth of wholesale motor fuel prices in Russia, it turns out, have nothing to do with the economy. It’s all about an accidental (or deliberate?!) failure
In May-June, the economic (and not only) media caused a sensation: in Russia, wholesale fuel prices are broken again and again. With enviable regularity, news began to appear almost every day about the next rise in the share price of gasoline. Smart uncles experts convincingly told anyone willing to listen and read that the demand for our fuel is growing in the world, and also how oil companies are preparing for a sharp drop in payments from the state as part of the “ oil damper”. And they did not forget to say a ritual phrase about the seasonal (spring-summer) increase in fuel consumption in the country. Everything, they say, because of this …
It turned out that these conversations are either a sign of the incompetence of the “experts”, or a conscious effort to fool the layman’s brain. In order not to be outraged later about the inevitable and sharp increase in not wholesale prices, but quite retail prices at gas stations. Unexpectedly to observers, the box was opened by the Federal Antimonopoly Service (FAS). On June 14, it sent a written request to the largest fuel companies to restore the quantities of motor fuel sold on the exchange to the established level. Recall that the standard for sale on the St. Petersburg International Commodity Exchange is: gasoline – 12% of production, and diesel fuel – 8.5%.
The FAS suddenly learned that oil companies have been slowly reducing the amount of gasoline sold on the exchange by almost 8% over the past five months. Unsatisfied demand arose and prices rose. This fact only attracted more attention when the media raved about their “historic track record”. And now, after five (!) months of phlegmatic surveillance of rampant violations of regulations by Russia’s largest fuel producers, the FAS has finally decided to threaten them with a finger – that is, an anti-monopoly investigation.
And miraculously, wholesale gasoline prices have not risen for two days in a row – exactly since the FAS letter came out! In this connection, only one question arises: why did you have to wait five whole months to write a single threatening letter to the oil barons? Did the regulator really not notice what happened on the stock market two, three, four months ago? Or was the “blindness” not accidental? I believe in the latest version. After all, the higher the price of gasoline, the more taxes and duties on its sale will go to the treasury. Which, as you know, is now experiencing a serious shortage due to the fall in world market prices for Russian hydrocarbons. And the domestic motorist is offered to pay for these geopolitical problems, where would it be without him …
In May-June, the economic (and not only) media caused a sensation: in Russia, wholesale fuel prices are broken again and again. With enviable regularity, news began to appear almost every day about the next rise in the share price of gasoline. Smart uncles experts convincingly told anyone willing to listen and read that the demand for our fuel is growing in the world, and also how oil companies are preparing for a sharp drop in payments from the state as part of the “ oil damper”. And they did not forget to say a ritual phrase about the seasonal (spring-summer) increase in fuel consumption in the country. Everything, they say, because of this …
It turned out that these conversations are either a sign of the incompetence of the “experts”, or a conscious effort to fool the layman’s brain. In order not to be outraged later about the inevitable and sharp increase in not wholesale prices, but quite retail prices at gas stations. Unexpectedly to observers, the box was opened by the Federal Antimonopoly Service (FAS). On June 14, it sent a written request to the largest fuel companies to restore the quantities of motor fuel sold on the exchange to the established level. Recall that the standard for sale on the St. Petersburg International Commodity Exchange is: gasoline – 12% of production, and diesel fuel – 8.5%.
The FAS suddenly learned that oil companies have been slowly reducing the amount of gasoline sold on the exchange by almost 8% over the past five months. Unsatisfied demand arose and prices rose. This fact only attracted more attention when the media raved about their “historic track record”. And now, after five (!) months of phlegmatic surveillance of rampant violations of regulations by Russia’s largest fuel producers, the FAS has finally decided to threaten them with a finger – that is, an anti-monopoly investigation.
And miraculously, wholesale gasoline prices have not risen for two days in a row – exactly since the FAS letter came out! In this connection, only one question arises: why did you have to wait five whole months to write a single threatening letter to the oil barons? Did the regulator really not notice what happened on the stock market two, three, four months ago? Or was the “blindness” not accidental? I believe in the latest version. After all, the higher the price of gasoline, the more taxes and duties on its sale will go to the treasury. Which, as you know, is now experiencing a serious shortage due to the fall in world market prices for Russian hydrocarbons. And the domestic motorist is offered to pay for these geopolitical problems, where would it be without him …
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
