St. Petersburg Exchange Launches Trading in Low-Standard Gasoline
The St. Petersburg Exchange began trading in lower-standard gasoline.
Consensus
- The St. Petersburg Exchange began trading gasoline with lower environmental standards starting August 18.
- Trading includes AI-92 grades of Euro-2, Euro-3, Euro-4, and AI-95 and AI-98 grades of Euro-4.
- The Russian government temporarily allowed the production and sale of Euro-2, Euro-3, and Euro-3 gasoline.
- The government required fuel stations to display the environmental class of fuel to inform consumers.
- A reduction in the mandatory share of Euro-5 gasoline sales on the exchange was implemented, from 15% to 10%.
- Fuel shortages and price increases were reported in May, prompting government intervention.
Points of divergence
- A new wave of fuel shortage may occur in September due to planned maintenance at major Russian and Belarusian refineries. — vm
- The Moscow Exchange fell by 4.29% on August 14, the worst intraday drop since September 26, 2022. — vm
- Russia received its first batch of gasoline from India, and an analyst discussed its quality and potential use. — vm
- The government approved the production of Euro-3 and Euro-4 gasoline until the end of 2026 at certain refineries. — vedomosti
- The government temporarily allowed the sale of Euro-2, Euro-3 and Euro-4 fuel starting August 5. — vedomosti
- Some car owners reported engine and fuel system problems after using Euro-5 fuel with Euro-3 characteristics. — kommersant
Coverage (3 sources)
- «St. Petersburg Exchange» launched trading in Euro-2, Euro-3, and Euro-4 fuels — Вечерняя Москва
- «St. Petersburg Exchange» allowed trading of low environmental class gasoline — Ведомости
- St. Petersburg exchange began trading of lower-standard gasoline — Коммерсантъ