Russia Is Facing An Aviation Fuel Crisis
- 4.11.2025, 18:18
This was disclosed by the largest private supplier of petroleum products.
Following the crisis on the gasoline market, where after the strikes on oil refineries there was a shortage, and wholesale prices have soared by 40-50% since the beginning of the year, problems in Russia may appear on the aviation fuel market. This RBC was stated by Maksim Dyachenko, managing partner and board member of Proleum, the largest private supplier of petroleum products in the country.
To solve the crisis with the production of petroleum products, the Russian government has relaxed the requirements for refineries. In particular, winter diesel is now allowed to be produced by mixing summer diesel with kerosene. And this creates a risk of a sharp rise in the price of jet fuel, which, in turn, carries risks for aviation, warns Dyachenko.
The government sees a threat to the market. According to RBC's sources, at a meeting with Deputy Prime Minister Alexander Novak, the possibility of directive limiting the growth of prices for aviation kerosene on the exchange was discussed. Now such restrictions have been introduced for gasoline: a bid for its purchase cannot be placed at a price higher than 0.01% of the current market quotations.
In contrast to gasoline, wholesale prices for jet fuel are now lower than at the beginning of the year - 79650 thousand rubles per ton against 82412 rubles. However, jet fuel has been getting more expensive since September - by 11% in 2 months, or Br8 thousand per ton.
Prices for Ai-92 gasoline soared by 42% from January to the end of October, and for Ai-95 - by 49%. However, last week, the quotes unexpectedly collapsed by more than 10%. On November 1, gasoline Ai-92 cost 65.2 thousand rubles per ton at the exchange, and Ai-95 - 72.96 thousand rubles.
At the peak of the gasoline crisis, the difference between the price of fuel in stock and the exchange price reached 40%, which increased the demand for exchange lots to abnormal values, says Diachenko.
"The key and main source of price growth is the shortage of goods," he stresses. After the drone raids on refineries, which affected at least 30 refineries across the country, refining volumes in Russia fell 10% to 4.86 million bpd, according to OilX analysts' estimates. Compared to pre-war 2021, oil companies have lost 14% of production, with volumes at their lowest in at least 6 years.