Weakness on the front: Oil workers have ‘bowed’ the government to resume motor fuel exports
October 4, 2023
0
Prices, which soared last summer on the domestic Russian fuel market, are in no hurry to drop noticeably. Despite the apparently decisive intentions of the government. Moreover, the
Prices, which soared last summer on the domestic Russian fuel market, are in no hurry to drop noticeably. Despite the apparently decisive intentions of the government. Moreover, the authorities are already considering backing down in their fight against sky-high prices.
It has become known that the Russian authorities plan to at least partially abandon their decision to stop exporting motor fuels abroad. Let us not forget that such a moratorium was introduced on September 21 this year on the orders of Prime Minister Mikhail Msshustin. This unprecedented decision was in response to the continuous increase in gasoline and diesel prices in our country and the emergence of a serious shortage of fuel at gas stations in many regions.
The AvtoVzglyad portal then predicted that a significant effect of such an event would be felt no earlier than in a few weeks. Apparently, the country’s government thinks the same: on the 14th day of the moratorium, information leaked through the newspaper Kommersant that the authorities were considering resuming the export of diesel fuel through pipelines.
Allegedly because the Transneft company has practically run out of tanks for storing diesel fuel, and there is absolutely no technical possibility of sending it to the domestic market. It turns out that fuel somehow gets from the domestic market into the pipeline system of this company, but “there is no way” back?
It is not yet known with certainty whether the government will ultimately agree to the official recognition of Transneft’s equipment as a working model of a cosmic black hole. But publicizing such plans in the media usually leads to postponement of their implementation to a later date. Which in the current situation is most likely an advantage for ordinary motorists. The delay could force fuel traders to at least moderate their appetite somewhat. Judge yourself.
Since the introduction of the ban on the export of petroleum products from the Russian Federation, gasoline prices on the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) have fallen from about 68,000 rubles per ton of AI-95 to 57,000 rubles (at the time) . For diesel, the decrease is from 72,000 to 65,000 rubles per tonne.
This means that wholesale prices have now fallen almost to the level of May this year. Let’s not forget that the increase in retail prices at gas stations in Russia started just at the beginning of summer. A sharp drop in wholesale prices should, in theory, be accompanied by an equally impressive move in retail fuel costs. We even see that price tags at gas stations, after a slight drop at the end of September, are still frozen at very high levels – compared to the May mentioned above. That is, oil workers continue to make crazy money from you and me.
Officials apparently aren’t against it because “for technological reasons” they decided to throw money at oil workers by resuming fuel exports. The logic is rock solid. But only from the point of view of the interests of the oil lobby. This boldly points to the ‘source’ of the current mentality in power structures. In general, everything is clear: soon the fuel situation in Russia will return to its old habits. Fuel will continue to rise in price, and motorists will have to buy it at all the prices that oil magnates offer: after all, besides them, we have no other suppliers of gasoline and diesel and we will not have any.
photo globallookpress.com
It has become known that the Russian authorities plan to at least partially abandon their decision to stop exporting motor fuels abroad. Let us not forget that such a moratorium was introduced on September 21 this year on the orders of Prime Minister Mikhail Msshustin. This unprecedented decision was in response to the continuous increase in gasoline and diesel prices in our country and the emergence of a serious shortage of fuel at gas stations in many regions.
The AvtoVzglyad portal then predicted that a significant effect of such an event would be felt no earlier than in a few weeks. Apparently, the country’s government thinks the same: on the 14th day of the moratorium, information leaked through the newspaper Kommersant that the authorities were considering resuming the export of diesel fuel through pipelines.
Allegedly because the Transneft company has practically run out of tanks for storing diesel fuel, and there is absolutely no technical possibility of sending it to the domestic market. It turns out that fuel somehow gets from the domestic market into the pipeline system of this company, but “there is no way” back?
It is not yet known with certainty whether the government will ultimately agree to the official recognition of Transneft’s equipment as a working model of a cosmic black hole. But publicizing such plans in the media usually leads to postponement of their implementation to a later date. Which in the current situation is most likely an advantage for ordinary motorists. The delay could force fuel traders to at least moderate their appetite somewhat. Judge yourself.
Since the introduction of the ban on the export of petroleum products from the Russian Federation, gasoline prices on the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) have fallen from about 68,000 rubles per ton of AI-95 to 57,000 rubles (at the time) . For diesel, the decrease is from 72,000 to 65,000 rubles per tonne.
This means that wholesale prices have now fallen almost to the level of May this year. Let’s not forget that the increase in retail prices at gas stations in Russia started just at the beginning of summer. A sharp drop in wholesale prices should, in theory, be accompanied by an equally impressive move in retail fuel costs. We even see that price tags at gas stations, after a slight drop at the end of September, are still frozen at very high levels – compared to the May mentioned above. That is, oil workers continue to make crazy money from you and me.
Officials apparently aren’t against it because “for technological reasons” they decided to throw money at oil workers by resuming fuel exports. The logic is rock solid. But only from the point of view of the interests of the oil lobby. This boldly points to the ‘source’ of the current mentality in power structures. In general, everything is clear: soon the fuel situation in Russia will return to its old habits. Fuel will continue to rise in price, and motorists will have to buy it at all the prices that oil magnates offer: after all, besides them, we have no other suppliers of gasoline and diesel and we will not have any.
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.