Russia to raise fuel prices by 2.1 rubles per liter
The government is preparing to raise fuel prices for Russians again to cover purchases of fuel abroad. The government is studying the possibility of an additional increase in the price of gasoline and diesel by 2.1 rubles per liter to compensate oil companies for the costs of importing fuel.
Consensus
- The Russian government is considering increasing gasoline and diesel prices by 2.1 rubles per litre.
- The price increase is intended to compensate oil companies for losses incurred from importing fuel.
- The proposed increase is due to the unprofitability of importing fuel, even with the existing import buffer (demper).
- The losses stem from sanctions-related price premiums and high transportation costs within Russia.
- The second scenario—direct price increase without changing the buffer formula—is favored by the Ministry of Finance and the government.
- Russia will continue importing gasoline at least until the end of 2026.
- The import share of fuel in Russia is estimated at 16–18%, or about 620,000 tonnes per month.
- Prices for gasoline and diesel have risen significantly since the beginning of the year—20.5% and 13.4% respectively.
Points of divergence
- Financial analyst Alexander Razuvayev predicts a 1–2% rise in fuel prices in the near term due to ongoing economic growth and inflation, despite refinery recovery. — vm
- Financial analyst Mikhail Belyaev argues that price control requires involvement of the Federal Antimonopoly Service (FAS) to prevent gradual price increases. — vm
- Igor Yushkov, lead analyst at the National Energy Security Fund, believes fuel prices will continue to rise in the future. — vm
- The first scenario includes adding railway transport costs (4–5 thousand rubles per tonne) to the import buffer formula, which would cost the budget up to 2 billion rubles monthly. — gazeta_spb
- The price increase is expected to bring oil companies about 12 billion rubles in additional monthly revenue. — tg_moscowtimes_ru
- The Ministry of Energy proposed two scenarios to the government, with the second being more likely due to no additional budget cost. — fontanka
- The price increase would reduce the price gap between vertically integrated companies and independent operators to 8–18 rubles per litre. — tg_tvrain
Coverage (8 sources)
- What will happen with fuel prices in Russia at the end of autumn-2026: expert forecast — Вечерняя Москва
- Gas prices in Russia may rise due to fuel imports - SPb Newspaper - St. Petersburg news — Gazeta.SPb
- Government prepares new increase in fuel prices for Russians to cover purchases of fuel abroad — The Moscow Times
- In Russia, fuel prices are being discussed for hikes due to strikes at refineries and expensive imports. Since the start of the year, it has already risen by 20,... — The Insider
- Yadvig: Gasoline at Russian gas stations may become more expensive to facilitate fuel imports — Фонтанка
- Prices for gasoline and diesel may increase by 2.1 rubles per liter to 'stimulate foreign fuel supplies' — Дождь (Telegram)
- On 2.1 rubles per liter, the cost of gasoline and diesel will increase in Russia. — Первый Московский
- Gasoline and diesel at Russian gas stations will become more expensive by 2.1 rubles per liter — Новости Москвы
Key entities
- Russia
- Ministry of Energy
- Kommersant
- Mikhail Mishustin
- NPZ
- Rosstat
- U
- Government
- Commerzant
- Saint Petersburg
- Alexander Novak
- Evening Moscow
- SPB RU News Newspaper
- The Insider
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