Russian Gasoline Prices Jump 3% to 71.20 Rubles a Liter, Biggest Weekly Rise in 20 Years
Updated
Updated · Bloomberg · Jun 25
Russian Gasoline Prices Jump 3% to 71.20 Rubles a Liter, Biggest Weekly Rise in 20 Years
3 articles · Updated · Bloomberg · Jun 25
Summary
Average Russian gasoline prices rose 3% in June 16-22 to 71.20 rubles ($0.95) a liter, according to Federal Statistics Service data released Wednesday.
That was the steepest weekly increase in at least 20 years, marking a sharp acceleration in fuel-cost pressure on households.
Lower refinery output after Ukrainian strikes has driven the squeeze, adding a new inflation risk flagged by central bank Governor Elvira Nabiullina.
The surge strengthens the case for policy caution at the Bank of Russia as the war’s economic costs increasingly feed into consumer prices.