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Russian Gasoline Prices Surge Following Ukrainian Drone Strikes on Refineries

Bloomberg ·
Russian Gasoline Prices Surge Following Ukrainian Drone Strikes on Refineries
  • Average retail gasoline prices in Russia climbed approximately 1.7% to 72.38 rubles ($0.93) per liter during the final week of June.
  • The price hike follows the largest weekly increase in at least two decades, directly attributed to supply disruptions from refinery strikes.
  • The shortage has sparked concerns regarding accelerating domestic inflation as vehicles face long wait times at gas stations.

Quotes

“Average gasoline prices across the country rose about 1.7% on the week to 72.38 rubles ($0.93) per liter in June 23-29”— Federal Statistics Service

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