The fuel crisis in Russia contributed nearly one percent to the rise in prices
The fuel crisis in Russia added 0.7–0.8 percentage points to the overall inflation rate. This was stated by Andrei Gangan, director of the Bank of Russia’s Monetary Policy Department.
The country faced a fuel shortage and a spike in prices due to Ukraine’s strikes on Russian oil refineries. This led to a decline in domestic gasoline production and accelerated the overall inflation rate in Russia.
According to the representative of the Bank of Russia, demand for gasoline in the domestic market is currently being met through imports. At the same time, the official asserts that purchasing fuel abroad has not yet had a significant impact on the country’s balance of payments.
This is reported by The Moscow Times.
As a reminder, on the morning of August 13, drones attacked the “Gazprom Neftekhim Salavat” oil refining and petrochemical complex in Bashkortostan. Smoke rose over the plant’s territory following the attack.
Prior to this, the Russian oil refinery “Orsknefteorgsintez” had suspended oil processing following an attack by Ukrainian drones on August 11.
Video: The refinery caught fire after the attack in Orsk.
