The wholesale oil prices have gone up by 3% to 4% since the beginning f January, reports the spokesperson for Sverdlovsknefteproduct JSC (part of Sibneft JSC). The price of AI-80 petrol, for instance, had gone up by 6.7%, or 820 RUR per ton, the price of AI-92 is now 670 RUR per ton, or 4.6% higher, AI-96 and diesel oil are now being sold 70 RUR per ton/0.4% and 180 RUR per ton/1% more expensively.

As Marketing Director of Sverdlovsknefteproduct JSC Pavel Sotulenko says, the company isn’t going to announce any other price increases in January: ‘We’ve already been buying oil at new wholesale prices, which had been determined by the global tariffs. These tariffs, in their turn, cause less oil to appear on the home market and thus lead to a price increase.’