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gasoline
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12MAR13
Russian oils: gasoline price decreased in March
Gasoline wholesale prices decreased in March, and in particular the St Petersburg commodity exchange index for 92-octane gasoline has lost 2% since the beginning of the month, Kommersant reports. According to the paper, a decrease in oil prices and an...
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22JAN13
Russian oils: gasoline and diesel prices are increasing
According to Kommersant, gasoline and diesel wholesale and retail prices have increased in January. In particular, gasoline and diesel fuel retail prices have increased 0.4% and 0.7%, respectively. In 2012, YoY growth amounted to 6.8% for gasoline and 10.8% for diesel fuel. ...
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17JAN13
Russian oils ask the government to reduce gasoline export duty
According to Vedomosti, Russian oil companies have asked the government to reduce export duty on gasoline (currently 90% of crude oil export duty). The paper also quotes the Ministry of Energy saying that despite high export duty, gasoline exports amounted at 3.59mnt in 2012, increasing 17.3% YoY. An increase in export volumes relates to the...
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13NOV12
Russian oils: Euro-2 gasoline and diesel sales to be banned
... Minister of Energy Pavel Fedorov said that sales of motor fuels of standards below Euro-3 are to be banned from January — BP Holding, ord. (TNBP RX) 2013, as planned. Those oil companies not ready for the ban agreed to import the necessary volume of gasoline and diesel fuel. The ban on motor fuels of lower than Euro-3 class was announced long ago and has been postponed several times (since 2009). We do not expect to see any significant drop in marketing volumes, although it could potentially support...
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8NOV12
EIA data – Sandy saps gasoline demand
... Northeast, through which Sandy blasted, is a significant importer and consumer of petroleum products and the shut down in preparation for the hurricane and from the resulting flooding and power cuts, was reflected in the numbers. Implied total US demand for gasoline dropped 0.5mmb/d (-6.1%) WoW to 8.3mmb/d, whilst gasoline imports plummeted 56.2% WoW to 0.3mmb/d. Refiners were also hard hit, with utilisation in US PADD 1 down to 58.5% from 81% in the week before, while total refinery throughput was down...
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29OCT12
Gasoline and diesel fuel prices increased 9%
According to Vedomosti, wholesale prices for gasoline and diesel fuel increased on average 9% MoM in September. In particular, 95-octane gasoline increased 11%, 92-octane gasoline price was up 8.6% and diesel fuel prices gained 3.4% MoM. Gasoline retails prices increased 2% MoM. Overall, wholesale...
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15OCT12
Russian oils: deadlines for banning low class gasoline and diesel might be postponed
According to Interfax, the Federal Antimonopoly Service (FAS) and the Ministry of Energy might consider delaying the deadlines for the ban of Euro-3 and Euro-4 gasoline and diesel fuel. Oil companies are not fully ready for the current deadlines due to delays in refinery upgrades. The FAS might also propose that oil companies use swap schemes when importing high-class gasoline. The Deputy Minister of Energy...
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28SEP12
Russian oils: Government suggests increasing excise taxes for Euro-4 and Euro-5 gasoline and diesel
According to Interfax, the government has suggested increasing excise taxes on Euro-4 and Euro-5 gasoline and diesel fuel from 1 July 2013. In particular, the excise for Euro-4 gasoline is to increase 5% while for Euro-5 gasoline it is to rise 12%. For Euro-4 and Euro-5 diesel fuel, the excise is to be increased on average 4% in 2013. Having...
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26SEP12
Russian oils: Russia might face gasoline deficit in October
Minister of Energy Alexander Novak has said that Russia might face gasoline shortages due to maintenance at several refineries coupled with increasing demand, RBC-Daily reports. The Ministry estimates the maximum deficit of 400kt of gasoline in October (15% of total consumption), including 69kt in the Moscow region....
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25SEP12
Russian oils: gasoline retail prices in Russia grow 1.6% MoM
Average gasoline retail prices in Russia were up 1.6% MoM as of 21 September, Vedomosti reports, with the retail price of 95-octane gasoline in Moscow reaching RUB 30.43/litre. According to the paper, retail prices increased just 2.8%in January-August. Wholesale...
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31JUL12
Russian oils: Ministry of Finance might reconsider gasoline excise tax rates in 2013
According to Interfax, Minister of Finance Anton Siluanov said that MinFin might reconsider excise tax rates for Euro-4 and Euro-5 gasoline starting from 2013. The rates might be increased to prevent the road funds from decline in financing, said Siluanov. The lower excises on Class 4 and Class 5 gasoline for the next three years were the only stimulus for oil companies to invest...
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13JUN12
Russian oil companies: gasoline retail prices increased 1.4% YTD
According to Vedomosti, gasoline retail prices have increased over the last nine weeks and YTD they are up 1.4%. We are reiterating our view that gasoline retail price dynamics no longer depend on the oil price due to the tight domestic supply/demand balance. The increasing...
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30MAY12
Russian oil companies: Gasoline retail prices increased 0.7% in April
We are reiterating our view that gasoline retail price dynamics no longer depend on the oil price due to the tight domestic supply/demand balance. The fact that retail prices are currently growing despite the drop in crude oil prices is logical, especially given the freeze in prices...
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25MAY12
Russian oil companies: FAS says gasoline prices in Moscow region must not exceed RUB 30/litre
Igor Artemiev, the Head of the Federal Anti-Monopoly Service (FAS), has said that the retail price of gasoline should not exceed RUB 30/litre in the Moscow region, Interfax reports. Earlier today Prime Minister Dmitry Medvedev commented that the retail prices of motor fuels were rising too fast in some regions. Gasoline wholesale and retail prices...
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20MAR12
Russian oil companies might resume gasoline exports
Exporting gasoline has become more profitable than selling it domestically, Kommersant reports this morning. According to the newspaper’s calculations, the premium on domestic sales has turned negative at around the USD 50/ton level. It also reported that two companies...
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25JAN12
EIA data – Gasoline continues to disappoint
Yesterday’s US EIA data demonstrated once more the weakness in implied gasoline demand, which fell 6.2% YoY, although it did rise in absolute terms by a meagre 0.1mmbd WoW. In fact, the last time there was a YoY increase in gasoline demand was in early October 2011. The 52-week average gasoline demand is now -2.1% YoY (Figure...
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16MAY13
EIA data – Weak demand
... Weakness in implied demand for the ‘other oil products’ category was mainly responsible for that, with demand down 0.7mmb/d (-17.7%) WoW to 3.4mmb/d and within the more accustomed 3.0-3.5mmb/d range after last week’s spike in demand. Implied demand for gasoline eased 0.1mmb/d (-1.2%) WoW to 8.3mmb/d, one of the lowest readings YTD. Implied demand for distillate also weakened, down 0.1mmb/d (-2.4%) WoW to 3.6mmb/d and back below the bottom of the seasonal range. On a 52-week average basis, all product...
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13MAY13
CPI stayed at 7.2% YoY as of 6 May
....018%, during the previous reported period (vs. 0.014% during the respective week in 2012). The growth in vegetable prices remains the key CPI driver – in particular potatoes (up 4.8% WoW vs. 4.1% WoW a week ago) and cabbage (up 5.1% WoW vs. 5.5% WoW). Gasoline prices kept deflating (0.2% WoW), while the growth in vodka prices ticked up a bit to 0.2% WoW (from the 0.1% WoW over the last week in April). The inflation report suggests that annual CPI growth remained at 7.2%, while adding 0.10% over...
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7MAY13
CPI up 7.2% YoY as of 29 April
... consumer price growth remained at 0.018% (vs. +0.007% during the respective week in 2012). The growth in vegetable prices remains the key CPI driver (in particular, potatoes (+4.1% WoW vs. +4.9% WoW a week ago) and cabbage (+5.5% WoW vs. +3.2% WoW)). Gasoline prices kept deflating (-0.2% WoW), while the growth in vodka prices halved to +0.1% WoW (from the +0.2% WoW over the four previous reported periods). The inflation report suggests that annual CPI growth edged up to 7.2%, adding 0.52% over 1-29...
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18APR13
EIA data – Market unmoved by unexpected crude inventory draw
... higher than the 0.84mmb/d YoY growth in US liquids supply the IEA and EIA currently forecast. Implied all-product demand rose 0.3mmb/d (+1.9%) WoW to 18.5mmb/d, but remains relatively weak, at the bottom of the seasonal range. Implied demand for both gasoline and distillate were down WoW, with gasoline demand remaining below the bottom of its seasonal range for the fifth week running and distillate demand close to the bottom of its seasonal range. Implied demand in the volatile ‘other oil products’...
