The government explained the rise in gasoline prices of 17.5%

"The badysis of the dynamics of wholesale gasoline prices shows an increase of 17% at the current time since December 31, 2018. At the same time, the exchange price is now 7% lower than the price of June 17, 2018. It is important to note that since the beginning of the year, the price of gasoline at the exchange was 10.4 to 19.9 thousands of rubles. per tonne below the export solution, despite the fact that, traditionally, deliveries to the Russian market constituted a premium for exports ", the commentary states (Interfax quote).

It's happened because of the fact that the market was an excess of low demand gas supply. As a result, the profitability of small retail and wholesale businesses has increased significantly. "Wholesale prices are now restored to a level close to that of exports," the government said.

An badysis of retail fuel price growth by the Ministry of Energy showed that its level corresponded to agreements with oil companies. According to the CDU TEK, the rise in gasoline prices since the beginning of 2019 has averaged 2.3% in Russia. In the Siberian Federal District – 2.5%, in the Far Eastern Federal District – 2.8%.

Reminder fuel prices rose sharply in the spring of 2018. The government reached an agreement with the oil companies to freeze fuel prices and decided in late March to extend it until July 1st. In return, the companies pledged to lower fuel supply standards in the domestic market and increase budget offsets. On June 17, Prime Minister Dmitry Medvedev unexpectedly ordered to verify information regarding the sharp rise in gas prices in Siberia and the Far East.