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Date: 5 months ago   Category: Finances

The situation with petrol prices remains explosive


If to trust the calculations given in the letter of the head of the Russian fuel union to Presidential Administration, gasoline next year can rise in price for 10% of the Photo: Alexander of Ryumin/TASS the Kremlin have warned about risk of jump in prices of gasoline. The president of the Russian fuel union Evgeny Arkusha has asked Presidential Administration to take additional measures for stabilization of the market next year. "Only as a result of simultaneous increase in excises and the VAT the potential of growth of the price of liter of gasoline is about 4 rubles 40 kopeks for liter" — it is said in Arkusha's letter of August 16 addressed to the assistant administrator of Presidential Administration Kirill Molodtsov. If to trust these calculations, gasoline next year can rise in price for 10%. The authenticity of the letter of RBC was confirmed by the federal official and the trader of oil products, familiar with his contents. His author Evgeny Arkusha on Wednesday was inaccessible for comments. The threat of sharp increase in prices gasoline really is, the president of the Independent fuel union Pavel Bazhenov:pavel Bazhenov the president of the Independent fuel union "Agrees today the price of domestic market is directive. Considering a configuration of tax changes which are assumed in 2019 — and it, on the one hand, increase in the VAT, on the other hand, decrease in export duties, plus increase in an excise — is unconditional, it will create still big conditions for growth. In today's situation if to estimate price level from the point of view of effective business in this branch, the prices have to be higher, for example, than rubles on seven on the 92nd". What it is possible to make to prevent increase in prices for automobile fuel? Mikhail Turukalov the CEO of the independent agency "Analytics of the Commodity Markets" "Now still to export gasoline from our country for about 10 thousand rubles one ton more favorable, than to sell it in domestic market. At the same time the difference between export and domestic market exists in the conditions of the lowered excise which has been established since June 1 of this year and when excises from next year raise, plus still will raise a value added tax, the export parity on gasoline will in addition grow, and if the ruble is same weak, as now and if the world prices remain rather high on oil products, then the situation in the gasoline market really can get out of hand in general. That this jump hasn't happened, it is possible to go absolutely some other way. Now the country, in fact, earns at the expense of higher world prices for oil and due to ruble depreciation. Respectively, it is possible to lower excises actually sharply: either almost to nullify, or conditionally at least to lower to those levels which were in initial plans of tax maneuver. Plus if after all we recognize that gasoline is socially important goods, so perhaps, on him should be established the lowered VAT — we will allow, not 20%, as since the next year, and 10%. This decrease in a share of taxes in liter, undoubtedly, will prevent possible problems". Threat of pressure of external and internal factors upon retail prices on automobile phones

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