Indices of stock exchange prices for petroleum products evidence of excess product on the domestic market. Gasoline today, as yesterday, fell by an average of 80 R/t.
Declines were demonstrated by virtually all refineries, except for the refineries of LUKOIL on which the company set wholesale prices almost a month ago and does not respond to price volatility on other bases. Stability – an indicator of professionalism is probably the slogan of the company set a price of priorities.
Comparing the behavior of stock prices of gasoline and export parities, the more it seems that the stock price will continue a mild descent for the whole of March and possibly April.
First, the trend of decline in netback, continuing throughout the month of February, stocks hardly reacted. And this is understandable. Export parity gasoline though, and responds, but in contrast to diesel and fuel oil, more tied to internal conditions and not to netback. And the internal situation in the period from March to April usually sluggish.
Below are graphs of the behavior of the exchange of territorial indexes for gasoline Ai95 in 2014, 2015 and 2016 for All three years are relatively flat, nearly horizontal trajectory of the behavior of transaction prices of gasoline. Why this year should be the exception?
Domestic demand, though increased over the three years, but not so radically, to revitalize and significantly change the pattern of behavior of domestic prices. Not changed climatic factor. Demand is still not awake, and gasoline stocks are rising only because the refinery has not yet reached the maximum spring repairs.
And finally, to give impetus to gasoline prices could increase the price of raw materials, but recent events and the forecasts are not so optimistic to be taken into account.
Translated by service "Yandex.Translation"
