Fuel Prices Russian Federation

Part of: GIZ International Fuel Price database
Also see: Russia Energy Situation

Fuel Pricing Policies

Local Currency:	RUB
Exchange Rate:	31.09 (2010/11/17)
Last Update:

The Ministry of Energy supervises all upstream and downstream activities in the fuel market. However, on thei internet website (http://minenergo.com/) no information regarding fuel pricing could be found.

As an internet article states (→App. A1), high fuel prices in April 2011 and also fuel shortages brought the government to carefully monitor fuel prices. It is stated, that Russia, being the largest exporter of crude oil worldwide, faces shortages in the downstream sector, because oil companies raise their exports or withhold their stocks. A parliament spokesman said, that any neccessary change in the legal framework will be done quickly to avoid further shortages and high price levels. Also, the government discussed the option to lower fuel taxes in April 2011.

The independent website http://www.mfa.ru/mfa.asp (Moscow fuel association) publishes up-to-date pump prices from Russia. However, many information is outdated on their website.

Fuel Prices and Trends

	Gasoline 95 Octane	Diesel
in USD*
in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil

Fuel Price Composition

Price composition.

No information available, hints welcome.

At a Glance

Regulation-Price-Matrix	Transparency of Price Composition Transparency of Pricing Mechanism / Monitoring

Sources to the Public

Type of Information	Web-Link / Source
Other Information	http://www.mfa.ru/
Pump prices and margins	http://www.mfa.ru/russian/docs/print.asp?id=1561

Contact

Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de

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