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Gasoline prices broke another all-time record

  • August 28, 2023
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New joyless news for motorists’ wallets on Monday brought the results of trading on the St. Petersburg International Commodity Exchange (SpbMTSB). This time, the AI-95 gasoline tender dynamics

Gasoline prices broke another all-time record

New joyless news for motorists’ wallets on Monday brought the results of trading on the St. Petersburg International Commodity Exchange (SpbMTSB). This time, the AI-95 gasoline tender dynamics are very sad.

The new week started with a new wholesale price record, with the price rising 0.5% to 72,821 rubles per ton. The cost of AI-92 rose slightly less sharply: by 0.31% to 63,284 rubles per ton. Summer diesel fuel has come close to the previously reached historical maximum (67,848 rubles per ton), after setting a level of 66,784 rubles today. Recall that during the summer of 2023, gasoline and diesel exchange rates almost continuously update their historical highs.

This is due to the increased demand for Russian oil products abroad. Traders buy fuel on the exchange, destined for the domestic Russian market, and resell it to intermediary companies from Turkey, Egypt and other countries. Russian oil companies also ship larger volumes of motor fuel abroad. The sharp depreciation of the national currency made this company even more profitable. But until recently, the country’s authorities have not taken any measures that would significantly affect the situation in our fuel market.

The new week started with a new wholesale price record, with the price rising 0.5% to 72,821 rubles per ton. The cost of AI-92 rose slightly less sharply: by 0.31% to 63,284 rubles per ton. Summer diesel fuel has come close to the previously reached historical maximum (67,848 rubles per ton), after setting a level of 66,784 rubles today. Recall that during the summer of 2023, gasoline and diesel exchange rates almost continuously update their historical highs.

This is due to the increased demand for Russian oil products abroad. Traders buy fuel on the exchange, destined for the domestic Russian market, and resell it to intermediary companies from Turkey, Egypt and other countries. Russian oil companies also ship larger volumes of motor fuel abroad. The sharp depreciation of the national currency made this company even more profitable. But until recently, the country’s authorities have not taken any measures that would significantly affect the situation in our fuel market.

Source: Avto Vzglyad

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