Prices on Gasoline in Russia and Abroad: Comparative Analysis

Russian Economic Developments. Moscow, 2016, No. 10, pp. 16-19

4 Pages Posted: 22 Oct 2016

See all articles by Yuri Bobylev

Yuri Bobylev

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Date Written: October 20, 2016

Abstract

Price growth of gasoline on Russian domestic market in the wake of declining world crude oil prices is due to the ruble’s devaluation and excise rate growth. In Russia, the share of indirect gasoline taxes has gone up from 30–40% to 35–45% over last two years. Regarding the share of taxes in the price at the pump, Russia is found in between leading EU countries (where this share reaches 65%) and the US (20%), and is close to Canada (37%). At present consumer prices of gasoline in Russia constitute 90% compared to the US volume, 66% compared to those in Canada, 44% in comparison with such prices in Japan, and 39% against the average price level of five leading EU countries.

Keywords: Russian Economy, gasoline prices

JEL Classification: P24, E52

Suggested Citation

Bobylev, Yuri, Prices on Gasoline in Russia and Abroad: Comparative Analysis (October 20, 2016). Russian Economic Developments. Moscow, 2016, No. 10, pp. 16-19, Available at SSRN: https://ssrn.com/abstract=2856440 or http://dx.doi.org/10.2139/ssrn.2856440

Yuri Bobylev (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration ( email )

Vernadsky Avenue 82
119571
Russia

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
17
Abstract Views
376
PlumX Metrics