Updated
Updated · Bloomberg · Jul 16
Russian Fuel Prices Jump 3.2% as Ukrainian Drone Attacks Cut Refinery Output
Updated
Updated · Bloomberg · Jul 16

Russian Fuel Prices Jump 3.2% as Ukrainian Drone Attacks Cut Refinery Output

3 articles · Updated · Bloomberg · Jul 16

Summary

  • Diesel prices led the latest surge, rising 3.2% week on week to 91.21 rubles a liter in July 7-13, while gasoline climbed 2.3% to 75.84 rubles.
  • Ukrainian drone attacks forced Russian refineries to reduce or halt production, tightening domestic fuel supply and pushing pump prices higher.
  • Federal Statistics Service data published late Wednesday show the pressure is spreading across both major road fuels, underscoring a broader supply crunch in Russia’s domestic market.

Insights

Ukraine's drones turned Russia into a fuel importer. Is a global diesel crisis the inevitable next step?
As fuel rationing spreads across Russia, is this the strategy that could finally exhaust Moscow's war machine?
With its refineries crippled, can Russia afford to repair its energy sector while still funding its war?