Russian Fuel Benchmarks Drop Again on Nov. 19 as Wholesale Slide Deepens

Overview

• SPIMEX data show AI‑92 at 60,247 rubles per ton (-0.64%) and AI‑95 at 70,802 rubles (-0.39%), with AI‑95 slipping below 71,000 for the first time since early July.
• Diesel grades also fell, including summer diesel down 2.26% to 57,382 rubles per ton, while interseasonal and winter grades edged lower.
• Novak says wholesale reductions are already starting to appear at some filling stations and will filter through further with a lag.
• The government has extended gasoline export bans and kept diesel exports barred for non‑producers, and the fuel damper deviation threshold is suspended from Oct. 1, 2025 to May 1, 2026 to maintain payments and stabilize the market.
• Researchers at Petromarket expect retail fuel sales to return to profitability within about a month if wholesale prices hold steady.