Russian ministries have until Sept 10 to provide calculations for adjusting fuel damper from Aug 1 retroactively - source

MOSCOW. Aug 19 (Interfax) - The Russian finance and energy ministries have until September 10 to provide calculations for adjusting the fuel damper from August 1 retroactively.

Deputy Prime Minister Alexander Novak gave the instruction following a meeting on fuel supply on August 14, sources familiar with minutes from the meeting told Interfax.

The ministries have until September 10 to retroactively apply provisions on increasing the permissible deviation of actual wholesale fuel prices on the domestic market from the established notional levels for damper purposes, extending them to legal relations that have arisen since August 1, 2025.

In addition, the need to ban on the export of motor gasoline from September 1 was mentioned: this will be in effect for all, including producers, for one month and throughout October for non-producers of fuel.

The Federal Antimonopoly Service and Energy Ministry were asked to work with regions where prices at filling stations have increased, paying particular attention to the territories in the Siberian and Far Eastern Federal Districts. The FAS and Energy Ministry, together with the Economic Development Ministry must prepare a forecast of changes in retail prices for petroleum products until the end of 2025, taking into account an anticipated drop in inflation.

The FAS and Energy Ministry, together with St. Petersburg Exchange and the relevant oil companies, have until August 22 to scrutinize proposals to increase the threshold for gasoline sales on the exchange to 17% of their output, given the seasonal increase in demand, and to set the starting price for the next trading day at the same level as the first starting price of the current month if prices grow more than 10% above the first starting price of the month. In addition, they must consider how vertically integrated oil companies might minimize the purchase and sale of petroleum products directly from each other in exchange trading, including through third parties, and to analyze the reasons for the drop in diesel consumption on the domestic market.

The agriculture and energy ministries will jointly analyze changes in the cost of fuel used by farmers in 2023-2025.