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Gasoline prices: whether above, or below inflation

The Deputy Prime Minister said that by the end of 2017, the growth of prices for gasoline and diesel fuel may be slightly more than inflation.

Deputy Prime Minister Arkady Dvorkovich, answering the question about how will affect the price of gasoline and diesel fuel rise from 1 January and 1 July 2018 excise tax rates by 50 cents per 1 liter, noted that the rise in petrol prices inevitably will, but be moderate, slightly higher than inflation. But if you look at the three-year interval, this growth is placed in obstipation value, he said.

“Whether within the year (to meet. — Ed.) — inflation has fallen dramatically, so really, maybe the price of gasoline within the year will grow a little more, but nevertheless over the three years they are in inflation.”

According to the forecast of Ministry of economic development, at the end of 2017 the price of gasoline will increase by 2.5–2.8%, while according to the Bank of Russia, during the same period, the inflation rate should be at 2.5–2.7%, although earlier it was expected that it will be 3.2%.

Since the beginning of year gasoline has risen in price for 5,9%, diesel fuel — by 7.4%, data from Rosstat.

  • Informed expert in fuel expressed the view that by the end of March 2018, a liter of AI-92 will cost 50 rubles, AI-95 — closer to 54-55 rubles.
  • The FAS instructed the oil companies to increase fuel delivery to the wholesale market, it is assumed that it can keep the prices down.
  • In order to save and care for the environment public transport in London decided to transfer to the butter mixture, obtained from the coffee cake with the diesel fuel.

Photo: Artyom Korotayev/ITAR-TASS

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