The Ministry of Energy believes that the situation on the jet fuel market is stable and calls the rise in prices seasonal. The agency gives a similar assessment for the diesel and liquefied petroleum gas (LPG) markets. The price of diesel on the stock exchange last week updated its historical maximum twice.
“The Ministry of Energy of Russia notes a stable situation in the jet fuel market – both in terms of supply volumes and in terms of price dynamics,” the ministry said in a statement (quoted by TASS). The ministry notes that a sufficient supply of kerosene has been formed at the airports, and its production will be at the level of the same period in 2019. The Ministry of Energy also draws attention to the fact that the price of kerosene has not yet returned to the pre-pandemic level.
The ministry said that the dynamics of kerosene prices changes along with the growth of world oil prices, is subject to the factor of recovery in demand when the restrictions are lifted, as well as to the seasonal factor.
The ministry said the rise in retail prices for diesel fuel is within inflation. “The domestic market of both diesel fuel and LPG is currently in a stable state and provides the current demand from the consumer,” the message says.
The price of diesel fuel on the St. Petersburg International Commodity and Raw Materials Exchange last week reached an all-time high of 52,686 rubles. per ton. Now the cost has dropped to 51,986 rubles.
On the rise in prices for diesel fuel – in the material of “Kommersant” “Diesel fuel made the European choice.”