Russian oil companies receive 201.7 bln rubles from budget in May fuel damper payments

MOSCOW. June 5 (Interfax) - Payments from the Russian budget to oil companies for fuel dampers in May 2024 totaled 201.7 billion rubles, information on the formation and use of the federal budget's additional oil and gas revenues posted on the Ministry of Finance website said.

Payments totaled 187.2 billion rubles in April. In total, oil companies have received 828.8 billion rubles from the budget from January through May thanks to the damper mechanism.

As reported, total fuel damper payments for 2023 totaled 1.588 trillion rubles; for 2022, they totaled 2.171 trillion rubles and for 2021, they totaled 674.5 billion rubles. Due to market conditions, oil companies paid 356.6 billion rubles to the budget for fuel dampers in 2020, while in 2019, the budget paid oil companies 282.2 billion rubles for dampers.