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
Date Written: October 20, 2016
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: Suggested Citation