Gasoline prices on the stock exchange rose after the departure of “Rosneft” from the auction

“Rosneft” for the second day in a row did not sell petrol and diesel on the stock exchange on Friday, trading volumes fell by 15%. Fuel prices that were down during the week, resumed growth

Photo: Sergei Karpukhin / Reuters

“Rosneft” for the second consecutive day does not sell fuel on Sankt-Petersburg international commodity exchange, follows from the data of the auction.

On Friday, November 16, the volume of trading amounted to 72,783 tons Is 15% less than on 14 November, when Rosneft participated in the auction. The company stopped the sale on 15 November, then the volume of deals fell by 19%, to 69,106 thousand tons of oil products.

16 Nov, prices for all types of fuel: gasoline AI-92 rose by 2.28% to 49,702 thousand rbl. for 1 t, AI-95 — by 1.5%, to 52,805 thousand rbl. for 1 t, and winter diesel — on 2,63%, to 55,892 thousand RUB per 1 ton.

The cause of rising prices — care exchange “Rosneft”, said President of the Independent fuel Union (unites independent of gas stations and traders) Pavel Bazhenov. Theoretically, stock prices had to sink: export alternative (the cost of fuel abroad excluding transport costs and taxes) fell, begins the low season, he says.

If “Rosneft” will not return to the exchange, in a day or two in some regions there is a shortage of fuel, according to the Bazhenov. In Eastern Siberia and the far East the owners of the independent gas stations can buy fuel on the basis of “Rosneft”. If the company does not resume sales of petroleum products will have to carry, for example, from Omsk oil refinery “Gazprom oil”, which will lead to higher prices in retail, explains Bazhenov.

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