St. Petersburg Exchange Launches Fuel Supply Mechanism

Earlier, the St. Petersburg Exchange implemented a mechanism for fuel delivery exclusively to end consumers and defined the concept of end consumers.

Consensus

The St. Petersburg Exchange introduced a new mechanism for supplying automotive gasoline to end consumers.
The mechanism is implemented through RZD's OTP (Operator of Freight Deliveries).
Buyers must confirm that the recipient is an end consumer and have contracts with RZD.
The mechanism ensures traceability of fuel to specific recipients.
End consumers include companies using fuel for own needs, those with refining capacity, and owners of fuel distribution networks such as gas stations.
The exchange has required disclosure of the final recipient since July 21.
The government extended the reduced 10% mandatory fuel sales quota on the exchange until December 31, 2026.
Fuel sold via targeted exchange deals and off-exchange contracts with certain entities (e.g., agricultural producers, northern supply organizations, construction firms, RZD) can count toward the mandatory quota.
The new rules are part of broader measures to stabilize the fuel market.
A seasonal increase in fuel demand coincides with unplanned refinery maintenance, raising concerns about shortages.

The new mechanism was introduced on Monday, August 17, as part of adaptation to the fuel market situation. — vm
The mechanism is available under the 'franco-wagon station of departure OTP' condition. — vesti
Additional requirements for fuel purchase and delivery were introduced in July, with the rule on disclosing the final recipient effective from July 21. — kommersant
Gasoline of Euro-3 class (A-92, A-95, A-98) has been available on the exchange since August 13 in the small wholesale segment. — vedomosti
The government allowed until July 1, 2027, the import, production, and circulation of gasoline of Euro-2, Euro-3, and Euro-4 classes. — vedomosti
The government's decree also canceled the previous allowance for K5 gasoline with high sulfur content until the end of 2026. — vedomosti
Buyers must now register all subsequent off-exchange deals involving goods purchased on the exchange. — interfax
The new rule on registration of off-exchange deals will take effect after approval by the board of directors and registration by the Central Bank of Russia. — interfax
The mandatory quota for gasoline is 10%, with up to 8% allowed via targeted deliveries, and at least 2% required for open exchange sales. — interfax
For diesel fuel, the mandatory quota is 16%, with up to 13% allowed via targeted deliveries and at least 3% required for open sales. — interfax