Business · Energy & Commodities · 6 hrs ago
Russia says imported gasoline has little effect on domestic prices
Russia’s Energy Ministry says imported gasoline makes up an insignificant share of the domestic market.
The ministry says demand for imported fuel is declining.
It made the comments in response to reports that import costs could push motor fuel prices higher.
The ministry says imported gasoline cannot have a substantial effect on Russia’s average fuel price.
Domestic supplies are increasing as refineries resume operations after maintenance and seasonal consumption falls.
The ministry says these changes are putting downward pressure on prices.
Russia’s Energy Ministry said imported gasoline makes up an insignificant share of the domestic market and cannot substantially affect average prices.
The ministry said demand for imported gasoline is declining.
It said domestic fuel supplies are increasing as refineries resume operations after maintenance.
Seasonal declines in consumption are also putting downward pressure on prices.
- Who
- Russia’s Energy Ministry.
- What
- The ministry said imported gasoline has little effect on average domestic prices.
- When
- October 22, 2026.
- Where
- Russia.
- Why
- The ministry was commenting on reports of a possible rise in motor fuel prices due to import costs.
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- Import volume
- Insignificant on Russia’s domestic market
- Demand
- Declining
- Domestic supplies
- Increasing as refineries resume operations after maintenance
- Price pressure
- Downward pressure from increased supplies and seasonal consumption declines
2 sources
What people are saying
The volume of imported gasoline on the Russian domestic market remains insignificant, and demand for it is declining