April 18th. Wholesale fuel prices continue to beat records. Soon retail will react to this growth, having increased price lists at the gas station. Officials make a helpless gesture, they say, and what we will do is a market.
Despite the fact that the Russian Federation is the largest oil-producing country, ordinary Russian consumers of fuel do not notice this. Low oil prices in the world do not mean low fuel prices in Russia. Oil companies compensate for losses due to sales inside the country, increasing price tags. High world oil prices lead to the same result - domestic fuel prices are rising, as oil companies are more profitable to sell fuel for export.
Indicator of retail fuel prices at gas stations are indicators at the St. Petersburg Commodity Exchange, where oil companies sell fuel in bulk. Since the beginning of 2018, there has been a record increase in the cost of fuel. Currently, the average cost of fuel is approaching 50 thousand rubles, which means that prices will soon grow in retail.
At the same time, oil companies explain this all by the fact that they should be equally profitable to send fuel for export and for the domestic market. In the world, oil prices rose, which made it more profitable to send fuel for export, while the ruble rate fell, which further worsened the situation. Oil refineries receive raw materials at market prices, which leads to the fact that after processing raw materials in fuel, companies generally become unprofitable.
A representative of one of the major oil companies, Komersant, said: "We understand that it would be wrong to raise wholesale prices, but we also can not get losses at the factories into which we invested hundreds of billions of rubles for their modernization" .
While the rise in prices for fuel at retail lags behind wholesale, but the owners of gas stations, especially independent ones, say that they can not continue this way for long. They hold back the rise in prices in retail, but they say about the inevitable increase in the very near future.
The politicians are absolutely calm, they report that at least the fuel deficit, as it was in 2011 and 2015, will not be, and the situation as a whole is stable. However, last week the FAS sent out warnings to the industry leaders (Rosneft, Fortinvest, Surgutneftegaz) about the need to put enough fuel on the stock exchange.
Analysts are not yet going to predict how much fuel prices will rise. If everything remains as it is, and wholesale prices will continue to rise, the liter of gasoline in retail will grow by an average of 3 - 5 rubles. However, experts hope that the situation will improve by May, when the planned repair at the Samara and Ryazan refineries owned by Rosneft will end.
Earlier, Russian President Vladimir Putin promised to look after the prices of gasoline.