Belarus’ petrol exports to Russia grew 19 times MoM in July to 27,034 tons, Kortes Business Analysis Centre said in a report citing railway transport statistics.
Belarus supplied 1,386 tons of automobile petrol to Russia in June.
The sharp increase in petrol supplies from Belarus to Russia was prompted by a decline in petrol prices in the Belarusian market, Kortes said.
In early July European Trading Company Ltd., the export trader of Mozyr NPZ oil refinery and Naftan oil refinery in Russia, would cut wholesale prices for their petrol to the level of Russian suppliers in the Central Federal District, and put up for sale large volumes of petrol at St Petersburg’s commodity exchange market.
With large volumes of Belarusian petrol appearing at commodity exchange markets in Russia, the market price of the Ai-92 petrol offered by Russian oil refineries dropped by 1,000-1,500 Russian rubles per ton in the first half of July. In mid July the price of Russian and Belarusian petrol stabilized at approximately the same level.
As previously reported, Belarus’ oil product exports to Russia dropped by 38% YoY in value terms in January-May 2016 to $53.3 million. In physical terms, Belarusian oil product exports to Russia decreased by 44% YoY in January-June 2016 to 163,558 tons.
Belarus is supposed to supply 1 million tons of motor fuel to Russia in 2016.
European Trading Company Ltd. (Belarus’ dedicated fuel trader on the Russian market) currently exports petrol, diesel fuel, fuel oil, jet fuel, and motor oil to the Russian market.
Belarus oil products are sold on the Russian market on direct contracts with customers, and through transactions on Russia’s three commodity exchange markets in Moscow and St Petersburg. (Prime-TASS/Business World Magazine)
