Russian wholesale gasoline prices decline, diesel stable
(Reuters) - Russian wholesale gasoline prices declined on Tuesday, while diesel was stable, with both remaining far below the levels seen on Sept. 21 when Russia introduced a ban on fuel exports to tackle high prices and shortages.
Gasoline Ai-92 grade prices were down 1.68% on the day to 50,143 roubles ($536.86) per metric ton, data from the St Petersburg International Mercantile Exchange (SPIMEX) showed.
Diesel prices were up 0.07% on the day to 58,089 roubles per metric ton, the exchange data showed.
Traders said demand for fuel has been subdued, pushing gasoline prices down.
"Nobody needs gasoline anymore, November (the delivery month) is always disastrous for it. They waited until prices collapsed today, and only then they started to buy it," a trader said.
Russia eased its restrictions on Oct. 6, allowing the export of diesel by pipeline, but kept a lid on gasoline exports.
Russia, the world's top seaborne exporter of diesel, just ahead of the United States, exported 4.8 million tons of gasoline and almost 35 million tons of diesel last year.
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