The situation in the fuel market has stopped worsening
The situation in the fuel market has stopped worsening, but the price shock proved to be quite serious, and it will take some time for the market situation to fully normalize,
Consensus
- The situation on the Russian fuel market has stopped worsening.
- A serious price shock occurred on the fuel market.
- Normalization of the fuel market will take time.
- Government measures have contributed to partial stabilization of the fuel market.
- The Central Bank of Russia is scheduled to discuss the key interest rate on July 24.
- Vice-Prime Minister Alexander Novak reported that restrictions on fuel sales are being lifted in some regions, more gas stations are operating, and queues are decreasing.
Points of divergence
- Alexander Shokhin warned the Central Bank against raising the key rate as a 'direct reaction' to rising fuel prices, calling it ineffective in addressing the root causes of gasoline shortage. — fontanka
- Shokhin mentioned that budget deficits and increasing federal government expenditures could hinder further reduction of the key interest rate, citing data from the 'Electronic Budget'. — vesti
- The fuel situation in Russia deteriorated at the end of May, and oil companies have started increasing production to supply the domestic market. — m24
Coverage (4 sources)
- "The situation has stopped worsening." What business says about gasoline in the country — Фонтанка
- Shokhin: The situation in the fuel market has stopped worsening — Вести
- RSPP Head Shokin Reports on 'Price Shock' in Fuel Market — Вечерняя Москва
- Head of RSPC declares serious fuel price shock in the market — Москва 24
Key entities
- Alexander Shokhin
- RSPC
- Bank of Russia
- TASS
- Moscow
- RBC
- Russian Union of Industrialists and Entrepreneurs
- Bank of Russia (Central Bank of the Russian Federation)