Russian Wholesale Fuel Prices Climb Again as Retail Pump Rates Hold Steady

Overview

• SPIMEX data show gasoline rose nearly 2% on January 28, marking a fourth straight session of gains, with AI‑92 up 1.76% to 57,804 rubles per tonne and AI‑95 up 1.87% to 60,249.
• Diesel grades advanced on the day, including a 1.26% rise for summer diesel to 52,716 rubles per tonne, 1.46% for interseason diesel, and 0.64% for winter diesel.
• Rosstat reports average petrol prices were unchanged at 65.47 rubles per liter for January 19–26, as diesel inched up to 77.03 rubles, with Moscow up 0.1% and St. Petersburg flat.
• Fuel export restrictions remain in force through late February, with TASS reporting an Energy Ministry proposal to lift the gasoline ban early for producers, while the dempfer deviation threshold stays suspended through May 1.
• Price indicators point to easing consumer pressures as weekly CPI slowed to 0.19% and annual inflation registered 6.43%, whereas December producer prices fell 1.6% including an 11.6% drop for automotive gasoline.