A temporary ban on the export of gasoline and diesel fuel (DF) caused a collapse of their stock exchange quotations by 20%.
The fuel crisis in Russia continues to gain momentum. Retail prices for diesel fuel turned out to be higher than the historical highs of previous years, and for gasoline – slightly lower than the 2021 record, which was broken only this year.
Over-the-counter indices of the St. Petersburg International Mercantile Exchange (SPIMEX), that is, transactions with fuel under direct contracts between sellers and buyers, did not respond to the decrease in exchange quotations, remaining at an extremely high level.
Over the past week, there has been no news about price reductions at Russian gas stations. But reports of a lack of fuel at some gas stations came from different regions of the country.
A few days after prices began to fall, the exchange price of gasoline and summer diesel fuel in the European part of Russia began to grow again, which is confirmed by data from St. Petersburg International Trading Exchange.
The Russian Ministry of Agriculture did not support the initiative to limit the export of diesel fuel
The authorities reacted disapprovingly to the proposal of the farming community to limit the export of diesel fuel due to high prices. According to the First Deputy Minister...