The reason was an accident at the Nizhny Novgorod Refinery.
Oil companies in Russia continue to reduce exports of high-octane petrol. Within a month and a half, it dropped by more than ¼, Kommersant wrote.
Due to the accident at the Nizhny Novgorod refinery, some of the product was redirected to the domestic market - shipments increased by 5%.
Russian gasoline exports have fallen 27% YTD to 639,000 tonnes. In 13 days of February, exports are 28% lower than in 2023 - 185 thousand tonnes.
During January and early February, the wholesale price of fuel was rising. But in February the steady price growth stopped and the cost of petrol began to decline. The decline in fuel prices actually stopped on 15 February.
According to SPIMEX, the exchange price of AI-95 in the European part of Russia decreased to 52.6 thousand rubles per tonne (0.2%).
92 grade of gasoline went up to Br45.7 thousand per tonne (by 1.1%).
Market participants call the current situation on the fuel market as "calm. In March, quotations are expected to rise due to the start of repairs at major refineries and seasonal increase in demand for petrol.
Gasoline output in Russia exceeded 4 million tonnes per month for the first time in December last year. Exports amounted to 750 thousand tonnes.
Earlier wrote that in Russia decreased production of petrol in January.
By the way, Russian carriers asked to return the ban on the export of petrol and diesel fuel.