Russia to start registering OTC fuel sales of a tonne or more, deals for export and with naphtha

MOSCOW. Sept 1 (Interfax) - The Russian government has passed a resolution changing to size of over-the-counter transactions with oil products that market participants must report.

The Federal Antimonopoly Service (FAS), which drafted the resolution, said it applies to the small-scale wholesale segment of the fuel market and is intended to ensure the traceability of supply chains for the sale of oil products.

"The passed resolution will make it possible to track prices for oil products on the domestic market along the whole product supply chain and will facilitate the establishment of more transparent pricing. Under the document, registration of all transactions with oil products made on the domestic over-the-counter market starting at 1 tonne is being introduced for both producers and for traders," the regulator said.

However, the resolution states that there is no need to report on transactions to sell fuel at retail filling stations or fueling complexes if they are less than 60 tonnes.

This information can be reported voluntarily starting September 1, 2026, with reporting becoming mandatory as of March 1, 2027, the FAS said.

At present, transactions of 60 tonnes or more must be reported by fuel producers who sold more than 100,000 tonnes in the preceding year. The new resolution states that such transactions by such producers must be reported when fuel (gasoline, diesel fuel, ship fuel, jet fuel and fuel oil) is sold for export.

The resolution also introduces the requirement to report transactions with straight-run gasoline [naphtha] on the domestic market that total 25 tonnes or more.

The exchanges on which market players will be able, and then be required, to disclose this information will be selected by the government. Disclosure will be possible on several exchanges.