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Prices On Gasoline In Russia And Abroad: Comparative Analysis

Author

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  • Bobylev Yuri

    (Gaidar Institute for Economic Policy)

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 cons tute 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.

Suggested Citation

  • Bobylev Yuri, 2016. "Prices On Gasoline In Russia And Abroad: Comparative Analysis," Russian Economic Development, Gaidar Institute for Economic Policy, issue 10, pages 16-19, October.
    • Handle: RePEc:gai:recdev:recdev-2016-10-749
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    File URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-10-749.pdf
    File Function: Revised version, 2016
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    More about this item

    Keywords

    Russian Economy; oil market; Russian Economy;
    All these keywords.

    JEL classification:

    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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