Bifurcation point for the Russian fuel and energy complex, or What pricing model in the fuel market does Russia need?
UDC: 338.33
DOI: 10.33285/1999-6942-2023-12(228)-53-61
Authors:
KATYUKHA PAVEL B.
1,
LOSHKAREV ANTON S.1
1 National University of Oil and Gas "Gubkin University", Moscow, Russia
Keywords: fuel market, market and government pricing of oil and petroleum products, price indicators (benchmarks), price risks, hedging, St. Petersburg International Trading and Export Exchange commodity exchange, Federal Antimonopoly Service, pricing agencies, retail and wholesale sectors of the fuel and energy complex, oligopoly
Annotation:
The article brought to your attention is devoted to the problems of the required regulation of the existing pricing system in the structure of the Russian fuel and energy market against the backdrop of high prices for petroleum products in the domestic market in August – September 2023. The article provides a detailed analysis of the factors influencing price changes among participants in the Russian fuel market. It is noted that the most important factors reflecting the opacity of pricing in the Russian market are opaque and biased price indicators for oil and petroleum products in Russia. This is a result of the lack of a mature derivatives market providing market participants with a wide range of liquid derivatives to manage price risks through hedging mechanisms.
Bibliography:
1. Nefedova A., Voronov V. Toplivnyy ryvok: Putin prizval sderzhivat' rost tsen na benzin i dizel'. Kakie mery predlagaet kabmin i kogda situatsiya normalizuetsya. – URL: https://iz.ru/1580617/alena-nefedova-valerii-voronov/toplivnyi-ryvok-putin-prizval-sderzhivat-rost-tcen-na-benzin-i-dizel
2. Savenkova D. Birzhevye tseny na benzin Ai-95 dostigli maksimuma s nachala goda. – URL: https://www.vedomosti.ru/business/articles/2023/04/21/971879-birzhevie-tseni-na-benzin-dostigli-maksimuma-s-nachala-goda
3. Katyukha P.B. Mirovoy rynok energoresursov: struktura, tsenoobrazovanie, tendentsii. – M.: RGU nefti i gaza (NII) im. I.M. Gubkina, 2020. – 385 s.
4. Safonova T. Modernizatsiya NPZ: ot uspekhov do ogranicheniy. – URL: https://itek.ru/analytics/modernizaciya-npz-ot-uspehov-do-ogranichenij/
5. Nalogovyy kodeks Rossiyskoy Federatsii. Ch. 1. Razd. V.1. Gl. 14.3. St. 105.7. – URL: https://base.garant.ru/10900200/5ef2fa68b6df58bdcca3a3d047fb3281/#block_105077
6. Ob utverzhdenii Poryadka monitoringa tsen na rossiyskuyu neft', postavlyaemuyu na eksport: Prikaz Min-va energetiki RF ot 22 fevr. 2023 g. № 95. – URL: https://www.garant.ru/products/ipo/prime/doc/406366801/
7. Vlasti nazvali prichinu rosta tsen na toplivo. – URL: https://lenta.ru/news/2023/09/20/benzzup/
8. Katyukha P.B. Osobennosti formirovaniya srochnogo rynka na Sankt-Peterburgskoy mezhdunarodnoy tovarno-syr'evoy birzhe v usloviyakh razvivayushchegosya birzhevogo rynka Rossii // Problemy ekonomiki i upravleniya neftegazovym kompleksom. – 2021. – № 1(193). – S. 7–12. – DOI: 10.33285/1999-6942-2021-1(193)-7-12
9. O rynochnom tsenoobrazovanii na neft' i nefteprodukty v Rossiyskoy Federatsii: Proekt Feder. zakona (podgotovlen FAS Rossii) (ne vnesen v GD FS RF, tekst po sostoyaniyu na 08.10.2012). – URL: https://www.consultant.ru/cons/cgi/online.cgi?req=doc&base=PRJ&n=99063&dst=100001#ZmgytuTuyrXEcntW2
10. Silakov A. Nalogi na neft' i gaz: izmeneniya v nalogooblozhenii neftegazovogo sektora v 2023 godu. – URL: https://delprof.ru/press-center/experts-pubs/nalogi-na-neft-i-gaz-izmeneniya-v-nalogooblozhenii-neftegazovogo-sektora-v-2023-godu/
11. SPbMTSB v yanvare-sentyabre i III kv. 2023: mery na rynke nefteproduktov, 15-letie pervykh torgov, Ekspertnye sovety. – URL: https://www.tektorg.ru/news-press/spbmtsb-v-ianvare-sentiabre-i-iii-kv-2023-mery-na-rynke-nefteproduktov-15-letie-pervyx-torgov-eksp
12. Katyukha P.B. Stanovlenie i tendentsii razvitiya srochnogo birzhevogo rynka v Rossii // Problemy ekonomiki i upravleniya neftegazovym kompleksom. – 2019. – № 11(179). – S. 12–17. – DOI: 10.33285/1999-6942-2019-11(179)-12-17
13. Eksperty soobshchayut o roste tsen i defitsite benzina v regionakh. – URL: https://tula.bezformata.com/listnews/roste-tcen-i-defitcite-benzina/120768831/
14. Minfin RF predlozhil snizit' toplivnyy dempfer v dva raza. – URL: https://www.interfax.ru/business/898252
15. Sebe dorozhe. Pochemu toplivnyy dempfer vsego cherez mesyats vernuli na prezhniy uroven'. – URL: https://www.kp.ru/daily/27576/4845644/
Back to issue