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Date: 5 months ago   Category: Finances

Petrol prices are still stable. Whether for a long time?


Now fuel fell in price a little, but in the next months can rise in price: ahead a hot season — spring and summer. What influences price tags at gas stations? Photo: Donat of Sorokin/TASS of Petrol price grew up since the beginning of year. Oil industry workers even hung out at gas stations of the announcement: it is connected only with the VAT. Now growth stopped. Moreover, fuel even fell in price. For example, in the capital and the area on average for kopek, reported in the Moscow fuel association. But whether for a long time it? Now the agreement of the oil companies and the government works. The first undertook not to raise the prices though they have all bases it to do: since January taxes, and excises — by one and a half times grew. But the authorities, raising this money from the companies, promised them compensations. The shaky agreement based on administrative measures will work until the end of March. Do not intend to prolong its authorities, the Deputy Prime Minister Dmitry Kozak said. Probably, officials will ask oil industry workers that they strongly did not raise the price. But nobody doubts that gasoline in April will rise in price, apparently. What can Russians face at gas station? Forecast of the CEO of the Infotek Terminal company Rustam Tankayev: Rustam Tankayev the CEO of the Infotek Terminal company, the leading expert of the Union of Oil and Gas Producers of Russia "Will decrease quality of gasoline due to addition to it of low-grade and cheap components. It is clear, that where it is possible, the incomplete filling because it is necessary to compensate losses will prosper. We already passed it, at us it is already the fourth petrol crisis after disintegration of the Soviet Union. Thus, it is obvious that petrol prices after all will grow. Oil industry workers long can pay additional taxes simply not or will be forced to phase down production of gasoline — there will be a deficiency as we had it already earlier, and there will be wild jumps in prices". In Russia the most part of cost of fuel are taxes. For comparison: in the USA the most part of the price are oil quotations. Therefore when oil becomes cheaper, gasoline becomes cheaper there too. But also our fuel is connected with the world prices for raw materials that was well shown by 2018. Oil industry workers, using that oil expensive, and ruble weak, sharply increased an export share. Because of it in domestic market there was a deficiency, and gasoline and the diesel rose in price. For this reason when the companies state that production of fuel because of high taxes became unprofitable, usually specify by it that last year they got huge export profit. Now the market calmed down, but what will be farther, while it is unclear, the president of the Russian fuel union Evgeny Arkusha says: Evgeny Arkusha the president of the Russian fuel union "I think that [prices] will grow in inflation limits. At least, at the oil companies — all this is written down in Kozak's protocol. How will wholesale prices change? Yes nobody knows! Really, I speak to you, nobody knows. Everything will depend on how the world prices what will be the ruble exchange rate against dollar will behave. Today the market is saturated, the offer exceeds demand though demand in principle not

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