Deputy head of the Ministry of Energy Pavel Sorokin reassured Russians about the possible deficiency of gasoline in the summer, which was warned by the Russian Fuel Union (RTS). According to the deputy minister, the current level of fuel production will allow to satisfy domestic demand in the market. This is reported by TASS.
Sorokin explained that the government made all the necessary measures for this and recommended the oil workers to accumulate reserves and increase the volume of processing. “On average, over the past period of May, the daily fuel production is about 67 thousand tons per day for gasoline AI-92 and about 40 thousand tons per day on gasoline AI-95,” he said, emphasizing that the current level fully satisfies the emerging demand.
At the same time, the deputy minister noticed that the seasonal growth in demand for stock trading before the summer period of the start of vacations creates additional stock demand for gasoline of the AI-92 gasoline and especially on AI-95, the demand for which grows annually.
Earlier, the Russian Fuel Union warned Russians on the risk of gasoline deficit this summer. In a letter directed by the Deputy Prime Minister Alexander Novaku, it was said that the measures taken by the Government to stabilize the gasoline market is not enough, and it is necessary to “urgently take measures to saturate the Russian market fuel.” RTS proposed to increase the total fuel production in Russia and introduce a temporary limitation of gasoline exports until October 1, as well as increase the standard of minimum fuel sales on the stock exchange to 15 percent.
In May, Russian Prime Minister Mikhail Mishoustin during the report in the State Duma announced that gasoline prices in Russia over the past year have increased within inflation. To prevent explosive growth in the future, the government is going to use all available tools. Apparently, we are talking about changing the damper mechanism and the possible ban on exports to the normalization of the situation.