Gasoline exports increased by 38%

From the beginning of the year to the middle of April, gasoline exports increased by 38%, reaching 1.8 million tons. Gasoline production for three and a half months increased to 11.8 million tons, which is 5% higher than last year's figures, Kommersant writes. At the same time, gasoline reserves at refineries and oil depots exceeded 2 million tons.

The exchange price of gasoline rose again last week with a decrease before that due to a surplus of goods, despite the growth of netback. The European Union and the G7 have set a price ceiling for the export of Russian petroleum products: $100 per barrel for gasoline and diesel fuel and $45 per barrel for naphtha and dark petroleum products.

Sources of the newspaper report that at the beginning of the year, the price of oil exceeded the established ceiling of $ 45 per barrel, which could lead to losses for Russian suppliers when exporting it. To solve this problem, they began mixing naphtha with gasoline, thus creating a product that can be sold at a marginal price of $ 100 per barrel to less demanding fuel composition markets in Africa and Latin America than former buyers in the European Union.

On the other hand, the export of diesel fuel from Russia for the period since the beginning of the year decreased by 3%, reaching 9.5 million tons with a production of 23.8 million tons, which is 7.5% more than last year's figures. However, the drop in exports was offset by an increase in supplies to the domestic market. In the first third of April, diesel fuel exports increased by 8.5%, to 894,000 tons year-on-year.

Let us remind you that the Ministry of Economy predicts a decrease in the volume of oil and gas exports this year by 6.7%. In 2024-2026, it will grow at an average annual rate of 2.9%. Non-oil and gas exports, on the contrary, will begin to recover due to the reorientation of supplies to friendly and neutral countries and grow at a faster pace - by an average of 4.1% per year.

As for fuel, we note that the cheapest gasoline in the country is in the Primorsky and Khabarovsk Territories. In these Far Eastern regions, the price of AI-98 varies from 57 to 58 rubles per liter. The average cost of AI-98 gasoline in Russia is 61.65 rubles per liter. Average consumer prices for gasoline in Russia from April 3 to April 10 rose to 50.91 rubles per liter. But in the Far Eastern Federal District, prices for AI-98 gasoline are declining.