Thursday, May 5, 2016

Gasoline prices in the near future may increase – BBC

2 rubles:

Since April 1, the additional excise duties on motor fuels were introduced. – Per liter of petrol, 1 rub. – Per liter “diesel”. For a month of action excise rates have not changed, and even declined slightly.

According to Thomson Reuters KORTES data for the week of March 28 to April 1, the average wholesale price for the Russian 92-octane gasoline was 38 260 rubles. per ton. Price liter at the gas station was at the level of 34.39 rubles. Diesel in opte cost 31,321 rubles. per tonne, liter diesel fuel retail – 35.35 rubles

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During the week ending April 29, the average “Regular-92″ on the Russian wholesale price of gasoline was already 37 856 rubles. per ton, retail – 34.55 rubles. per liter. The wholesale price of “diesel” was an average of 31,071 rubles. per ton, retail – 35.26 rubles. per liter.

Thus, only increased the retail price of 92-octane gasoline, and that the increase was less than 0,5%.

« In fact, prices have started to rise earlier, – says one of the participants of the fuel market. – The fact that excise the final decision is taken, it became known in late February and in March gasoline price increased by 0.5 rubles. per liter »

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According to the interlocutor “Gazety.Ru”, this is due to the fact that market players started to raise gasoline prices to the actual introduction of excise taxes in an attempt to avoid future claims of the Federal Antimonopoly service (FAS).

«by the way, the FAS, possessing administrative resource, will inhibit the growth of retail prices, – said a market participant. – According to our estimates, the introduction of excise duties should retail would grow by about 8% by the end of the year. But given the FAS influence, growth will be about 5% ».

The Thomson Reuters KORTES point out that it makes sense to compare the dynamics of wholesale prices since the beginning of the year and year-to-year.

«Wholesale prices have been rising since the beginning of the year – say in Thomson Reuters KORTES. – Growth from January 2016 already amounted to 19.2%, subject to a slight decline in mid-April and early May »

But in 2015 the growth of the wholesale price of 92-octane gasoline from the beginning. January to early May was only 2.8%, from 32 504 to 33 415 rubles. per ton.
national average retail prices for the same gasoline by less than 1% increased from the beginning of 2016. During the period from January to the beginning of May last year, even declined, from 32.5 to 32.36 rubles. per liter.

Thus, the rise in wholesale prices is significantly ahead of the rise in price of gasoline at retail, which is hampered by the authorities. That is suffering from a rise in prices is not so much the final fuel consumers, manufacturers and retailers.

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Another source said the fuel market that is the growth of wholesale prices even more constrained by an excess of supply compared with demand. “Given the decline in prices at the end of last year, is now wholesale – almost at last year’s levels (before reduction), – indicates the source. – And oil companies, taking on the additional burden in the form of excise duties, has not yet made up for it »

The source believes that it is this oil will be engaged in the near future.. In particular, price increases could be attempts to change the supply and demand balance, such as reduced production or an increase in exports.

This will lead to higher prices in opte, and for gross anyway tighten retail. Growth may reach about 10%.

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