The retail price of gasoline in Russia rose for the first time since March

MOSCOW, September 9 — PRIME. Retail gasoline in Russia rose in price by 0.3% in August compared to July – the price increase was recorded for the first time since February, while diesel fuel rose in price by 0.4%, according to Rosstat materials.

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1 Deflation in Russia accelerated to 0.52% in August

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Deflation in Russia accelerated to 0.52% in August

“Prices for gas motor fuel rose by 1.2%, diesel fuel – by 0.4%, motor gasoline – by 0.3%,” Rosstat said.

Retail gasoline prices have been falling since March. In July, the cost of gasoline fell symbolically – by 0.05% compared to June. Diesel fuel increased in price for the second month of summer by 0.1%.

Exchange average monthly prices in August against July also rose. The AI-92, AI-95 grades and diesel fuel at the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) went up by about 8%.

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Fuel in Russia rose in retail prices throughout 2021, following its results, the price of gasoline increased by 8.84%, exceeding the inflation rate, Rosstat reported. According to the agency, gasoline prices in the first two months of 2022 grew weekly at a low pace, and in March they began to decline.