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This is a new record price. Previously, the maximum price of gasoline of this mark was set in 2018, when Russia experienced two petrol crisis, in spring and autumn, resulting from 2019 to fiscal system was introduced a damping mechanism.

Stock prices for gasoline AI-95 have been growing since mid-April. During this period, it increased by more than 50%. The most popular Russian brand of gasoline AI-92 from the beginning of may has risen by 23.5%, but in June its value almost did not grow. Now on the exchange a ton of AI-95 is trading at 7-8 thousand rubles more AI-92.

According to experts, stock prices for gasoline grow, because of the lag in production and supply before the pace of recovery of demand for automotive fuel after the removal of quarantine restrictions due to pandemic coronavirus. Also affected by the overall decline in shipments of gasoline to the domestic market, who have not yet returned to pre-crisis indicators.

a Serious increase in retail prices of motor fuel in the previous week according to Rosstat, was not marked. Experts believe that while there are no prerequisites for increasing the cost of gasoline at the gas station yet.

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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.