Moscow Lifts June Refinery Subsidies Sixfold to 210.6 Billion Rubles as Fuel Strains Deepen
Updated
Updated · Букви · Jul 3
Moscow Lifts June Refinery Subsidies Sixfold to 210.6 Billion Rubles as Fuel Strains Deepen
2 articles · Updated · Букви · Jul 3
Summary
210.6 billion rubles went to Russian refineries in June, more than six times a year earlier, marking the biggest monthly payout since December 2023.
High global fuel prices and supply disruptions drove the compensation scheme, which reimburses part of the gap between lower domestic prices and more lucrative export sales.
Ukrainian attacks on refineries have made domestic fuel supply a priority, with shortages reported in multiple regions and Putin recently acknowledging difficulties obtaining gasoline.
The payments aim to keep more fuel at home and cap diesel and gasoline prices, helping Moscow limit inflation and household pressure ahead of September parliamentary elections.
Russia is maintaining the subsidies even after banning most gasoline exports through end-July, underscoring how fragile the domestic fuel market remains.