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Details of the decisions taken by authorities the day before on the situation in the Russian fuel market have been published. Everything indicates that in the confrontation between
The most important among the novelties is the permission to export diesel fuel supplied by pipelines to seaports. This means that the complete ban on fuel exports abroad, introduced on September 21, has effectively been lifted. It should be noted that another product of oil distillation – gas oil – often even a professional cannot distinguish it from diesel fuel. There was no official ban on the export of gas oil. However, statistics show that since the end of September, export volumes of this petroleum product have fallen along with those of diesel. As a result, as tankers carrying Russian diesel fuel leave seaports, parallel exports of the same diesel fuel will most likely resume, but under the guise of gas oil. This will trigger a new increase in heavy fuel prices on the domestic market.
An equally important ‘news’ is that from October 1, the government has decided to fully restore the volumes of the ‘fuel damper’, which have been reduced by half since September 2023. That is, payments to oil companies from the budget for not raising prices at gas stations will flow like a river again. Despite the fact that the “damper” in no way helped to stop the sharp increase in fuel prices in the spring and summer of this year.
Note that revenues from the entire oil and gas industry in Russia for the country’s budget for January-August 2023 amounted to 4.836 trillion. ruble During the same period, as part of the ‘dampener’, approximately $1.6 trillion was returned from the treasury to the oil companies. ruble That is, about a third of all oil and gas revenues of the Russian state ended up in the pockets of oil workers without any benefit. Despite the fact that this source of income has already fallen significantly compared to the same period in 2022, when the state received 7.818 trillion from the oil industry. ruble
Among other measures that the government is introducing to the country’s petroleum products market, there is an increase in the standard for sales on the fuel exchange of the total volume produced by oil refineries: gasoline – from 13% to 15%, and diesel fuel – from 9.5% to 12.5%. The last increase in sales figures (summer 2023) did not in any way affect the dynamics of domestic Russian motor fuel prices.
And finally, for diesel exporting companies that are not oil refineries (that is, for intermediaries and resellers), a protective tax is introduced: 50,000 rubles per ton of goods exported abroad. In this regard, we recall that at the moment the wholesale price of a ton of heavy fuel ranges from 56,400 rubles in Samara to 75,300 rubles in Khabarovsk.
With such a ratio between prices on the domestic Russian market and reseller levies, we can expect that in the near future they will begin to transport huge quantities of “gas oil” abroad – taking advantage of the characteristics of this petroleum product that is mentioned in the beginning of the material.
The most important among the novelties is the permission to export diesel fuel supplied by pipelines to seaports. This means that the complete ban on fuel exports abroad, introduced on September 21, has effectively been lifted. It should be noted that another product of oil distillation – gas oil – often even a professional cannot distinguish it from diesel fuel. There was no official ban on the export of gas oil. However, statistics show that since the end of September, export volumes of this petroleum product have fallen along with those of diesel. As a result, as tankers carrying Russian diesel fuel leave seaports, parallel exports of the same diesel fuel will most likely resume, but under the guise of gas oil. This will trigger a new increase in heavy fuel prices on the domestic market.
An equally important ‘news’ is that from October 1, the government has decided to fully restore the volumes of the ‘fuel damper’, which have been reduced by half since September 2023. That is, payments to oil companies from the budget for not raising prices at gas stations will flow like a river again. Despite the fact that the “damper” in no way helped to stop the sharp increase in fuel prices in the spring and summer of this year.
Note that revenues from the entire oil and gas industry in Russia for the country’s budget for January-August 2023 amounted to 4.836 trillion. ruble During the same period, as part of the ‘dampener’, approximately $1.6 trillion was returned from the treasury to the oil companies. ruble That is, about a third of all oil and gas revenues of the Russian state ended up in the pockets of oil workers without any benefit. Despite the fact that this source of income has already fallen significantly compared to the same period in 2022, when the state received 7.818 trillion from the oil industry. ruble
Among other measures that the government is introducing to the country’s petroleum products market, there is an increase in the standard for sales on the fuel exchange of the total volume produced by oil refineries: gasoline – from 13% to 15%, and diesel fuel – from 9.5% to 12.5%. The last increase in sales figures (summer 2023) did not in any way affect the dynamics of domestic Russian motor fuel prices.
And finally, for diesel exporting companies that are not oil refineries (that is, for intermediaries and resellers), a protective tax is introduced: 50,000 rubles per ton of goods exported abroad. In this regard, we recall that at the moment the wholesale price of a ton of heavy fuel ranges from 56,400 rubles in Samara to 75,300 rubles in Khabarovsk.
With such a ratio between prices on the domestic Russian market and reseller levies, we can expect that in the near future they will begin to transport huge quantities of “gas oil” abroad – taking advantage of the characteristics of this petroleum product that is mentioned in the beginning of the material.
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.
