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The price of gasoline in Russia has set a new record

Цена бензина в России установила новый рекорд

The wholesale price of gasoline AI-95 at the St. Petersburg international Mercantile exchange (SPIMEX) have set a new record. This is evidenced by the auction.

The cost of a ton of fuel on Thursday, July 2, reached 58,445 thousand rubles, adding 1.1 percent to its previous value. The cost of gasoline AI-95 in the European part of Russia rose 0.64 percent, to 58.7 thousand rubles per ton.

The record July 2 — the third for gasoline AI-95 for the week. The first fuel was set on Monday, 29 June, when its price has risen to 58,174 thousand rubles per ton. The next day, the price made new high, reaching 58,324 thousand rubles.

The Russian tax system is designed so that the prices of gasoline and diesel in retail remain stable regardless of world oil prices. The reason for a signicant proportion of taxes in the cost of every liter, and also the limiting damping mechanism. It lies in the fact that at high oil prices, the oil refineries receive compensation in the form of negative excise tax. Cheap oil companies must pay the government profits.

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