Oil to gasoline not a decree

last week, the average retail price of gasoline AI-92 fell by 4 cents, to 43.04 rubles per liter. Shed it in Khakassia (-55 cents). The average retail price of AI-95 decreased by 3 cents, to 46,10 rubles per liter. Here became the leader of Dagestan (-34 cents). For summer diesel fuel, average retail price by 59 cents, to 46.96 ruble per liter.

put the Blame on falling oil prices and the cost of gasoline in Europe is useless. The price of Russian gas stations almost do not depend on oil quotations. Their influence is eliminates the current damping mechanism, which operates as a Supplement of oil refineries (refinery) in the case of high oil prices and withdrawal of additional revenues to the budget in the case of low prices.

“In the conditions of competition in the fuel market network stations can reduce the price within a few cents of that happening, but such a fall in the cost of fuel in Europe, despite the filling of the tanks and falling demand, we will not see” – says the analyst of “Finam” Alexey Kalachev. In his opinion, to retail prices for automobile fuel was moving the oil, you need to seriously adjust the settings of the damping mechanism. “But it is unlikely now that the burden on the budget because of the need to fight the epidemic increases, the Finance Ministry will agree to such changes. Budget revenues from the oil and gas industry has fallen,” said Kalachev.

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Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.