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Russian Fuel Exchange Prices Extend Declines as Regulators Step Up Oversight

Officials credit active discounting by suppliers for the slide.

Overview

  • SPIMEX data for October 29 show AI-92 at 65,108 rubles per tonne, down 4.7% on the day, with AI-95 off 4.85% to 73,196 and several diesel grades also lower.
  • FAS reports that over October 24–29 AI-92 fell 11.2% from 74,218 to 66,745 rubles per tonne, AI-95 dropped 6.9%, and diesel declined 9.6% from 64,461 to 58,840.
  • FAS says suppliers have been cutting offer prices during trading, contributing to the rapid drop in exchange quotations.
  • Regulators and the Energy Ministry are monitoring trading and preparing additional measures to prevent price spikes and secure supply, with seasonality and stockbuilding cited as stabilizing factors.
  • Policy supports remain in force, including suspension of the fuel damper deviation threshold from October 1, 2025, to May 1, 2026, and extended export restrictions on gasoline and diesel through year-end.