AI-92 gasoline achieves new record price on Russian Stock Exchange

Moscow, July 7 – The cost of AI-92 gasoline on the St. Petersburg International Commodity Exchange (SPIMEX) on the basis of trading on Friday again hit its historical record, approaching 59 thousand rubles per ton, according to trading data.

The price of AI-92 gasoline on the regional index for the European part of Russia rose on Friday by 0.16%, to 58,912 rubles per ton. The brand’s price tag has continued to rise after hitting a record in fall 2021 on Tuesday. The brand has already updated several records in June and July.

In addition, the cost of the AI-95 brand increased by 0.58%, to 65,999 rubles. Summer diesel fuel added 0.38% to the price, and its cost was 51,939 rubles per ton. The price of fuel oil also increased – by 1.43%, to 18,247 rubles. Aviation kerosene added 0.41% to the price, and its price rose to 65,456 rubles per ton.

The price of liquefied hydrocarbons decreased only by the end of trading on Friday – 1.19%, to 22,046 rubles.

Exchange rates for gasoline in Russia in the spring and early summer updated their historical records. In connection with the rise in prices, the Ministry of Energy of the Russian Federation and the Federal Antimonopoly Service made recommendations, and then required oil companies to increase sales of gasoline on the stock exchange.

At the end of June, Deputy Prime Minister Alexander Novak held a meeting on the fuel market, where he called on the oil industry to prioritize the supply of gasoline to the domestic market, even when it would be more profitable to export. Novak also gave instructions to establish quotas for the export of petroleum products by oil companies, to discuss an additional increase in the minimum standard for sales of gasoline in the Russian Federation through the stock exchange in the event of worsening market conditions.