Indian gasoline twice as expensive as Russian, has not reached gas stations

Shipments of gasoline from India, purchased by Russia since July to cover the deficit, have not entered the wholesale market and have not reached gas stations. Indian gasoline is "stuck" in the port of Murmansk due to disagreements between oil companies over pricing. Importers are offering 150,000 rubles per ton (about 111 rubles per liter), which is twice the wholesale prices at the Saint Petersburg Commodity Exchange, where on August 13, Ai-96 was priced at 77,600 rubles. A tanker with Indian gasoline arrived in Murmansk on August 5 from the Nayara Energy plant, which is 49% owned by Rosneft. The opportunity to purchase gasoline on the exchange arose on July 29, but no shipments have been sold. Regulators require sales at domestic Russian prices; however, importers cite logistical difficulties: the route from Indian ports to the Russian Arctic takes over a month, and gasoline must be transferred from tanker to tanker. In Russia, Belarusian gasoline Ai-92 costs 140,000-142,000 rubles per ton, while Ai-95 costs 180,000 rubles per ton. Since the beginning of the year, two Belarusian refineries have sent a record 665,000 tons of gasoline to Russia, which is 25 times more than the previous year.

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