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Russian Domestic Wholesale Gasoline Prices At New Record
The average wholesale price of 92-octance Gasoline in Russia rose to a new record of 58,738 roubles/tonne as of Wednesday amid a lack of supply after annual refinery season and peak domestic demand, according to data from the St. Petersburg International Mercantile Exchange (SPIMEX) and Reuters calculations.
- The previous record was 58,731 roubles/tonne on 13 August 2013.
- Prices started rising more quickly in April due to the start of annual refinery maintenance season.
- The Russian Energy Ministry said on Wednesday the country is not facing a domestic gasoline shortage after companies cut their exports and domestic refining capacity increased after spring maintenance turnarounds.
- Russian June gasoline exports fell by 30% month on month.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.