The year of 2013 in the Russian fuel market goes on without spikes; we saw an increase in wholesale and retail prices, and it is objective and related to inflation and the increase in excise duty, according to the president of the Russian Fuel Union Yevgeni Arkusha. "Within 10 months of this year, compared to 2012, wholesale prices rose by only 2 percent, retail prices - by 6-7 percent, which is fully in line with expectations. During July and August, wholesale prices, however, jumped by almost a third, but do not forget the fact that at the beginning of the year they decreased, and in general there was mutual compensation," he said.
The Russian fuel market
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