Russian Gasoline Prices Jump 1.7% to 72.38 Rubles a Liter as Ukrainian Strikes Crimp Supply
Updated
Updated · Bloomberg · Jul 2
Russian Gasoline Prices Jump 1.7% to 72.38 Rubles a Liter as Ukrainian Strikes Crimp Supply
2 articles · Updated · Bloomberg · Jul 2
Summary
72.38 rubles a liter was Russia’s average gasoline price in June 23-29, up 1.7% from the prior week, according to Federal Statistics Service data released Wednesday.
Ukrainian drone strikes on Russian oil refineries have disrupted fuel production, triggering a nationwide gasoline shortage and long lines at filling stations.
The latest gain follows the biggest weekly increase in at least 20 years, showing supply damage is still feeding through to retail prices.
Rising pump prices are reviving concerns that fuel shortages could add to inflation pressure across Russia.