AI-92's stock market prices have reached an all-time high
In a recent development, on September 4, the St. Petersburg Stock Exchange announced changes in trading rules for fuel supply contracts, aiming to improve transparency and regulate price fluctuations. The changes come in response to the rising wholesale fuel quotes this summer.
One of the key modifications involves the introduction of regimes for order accumulation and opening auction for each type of gasoline. This move is designed to provide a more structured and controlled trading environment.
Starting from September 9, participants are now allowed to submit only one purchase order per lot for each type of gasoline. This step is expected to promote fairness and prevent manipulation in the market.
The price of AI-95 per ton has seen a decrease of 0.33%, now standing at 78.342 rubles. Simultaneously, the average price index for AI-95 in the European part of Russia decreased by 0.43%, to 79.071 rubles per ton. However, the price of AI-92 per ton increased by a modest 0.05%, reaching 73.671 rubles.
Unfortunately, the prices of diesel fuel, jet fuel, fuel oil, and LPG have seen an increase. Summer diesel fuel price increased by 2.4%, to 68.720 rubles per ton. Jet fuel price rose by 0.98%, to 73.114 rubles per ton. Fuel oil price increased by 2.33%, to 24.104 rubles per ton. LPG (Liquefied Petroleum Gas) price saw the largest jump, increasing by 2.93%, to 16.281 rubles.
In August, exchange prices for gasoline repeatedly set new historical highs, prompting these changes in the market. To address the issue of supply, the schedule for planned repairs at oil refineries has been changed to increase the volume of gasoline supplies to the domestic market.
In addition to these changes, for AI-92 and AI-95 supplied by rail, new price fluctuation limits have been set: +0.01%/-20% from the current market price. This measure is intended to provide a certain level of price stability.
The St. Petersburg Exchange also introduced new trading rules for these fuels, with the aim of enhancing transparency and regulating price fluctuations. These changes are expected to bring about a more balanced and predictable market environment.
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