Published by Global Banking & Finance Review®
Posted on October 13, 2025
1 min readLast updated: January 21, 2026
Russian Finance Minister Anton Siluanov assures that gasoline shortages causing price hikes will soon be resolved, ensuring regional supply.
MOSCOW (Reuters) -Russian Finance Minister Anton Siluanov said on Monday that he was confident that gasoline shortages which have caused an increase in the pump price at filling stations will soon be overcome.
Prices for gasoline, which are tightly monitored by the authorities, are up 10.2% since the start of the year, partly due to a spate of Ukrainian drone attacks on Russian oil refineries.
"The most important thing is that gasoline is available at gas stations. Yes, prices have risen, but our task is to ensure the supply of petroleum products to the regions so that their economies and social sectors do not suffer," Siluanov said.
"Regarding the specific issue of fuel prices in certain regions, it is clear that there are currently some supply constraints, which, I am confident, will be overcome in the near future," he said.
(Reporting by Darya Korsunskaya; Writing by Gleb Bryanski; Editing by Andrew Osborn)
Gasoline is a refined petroleum product used primarily as fuel in internal combustion engines. It is a complex mixture of hydrocarbons and is derived from crude oil.
Oil refineries are industrial facilities that convert crude oil into useful products like gasoline, diesel, and other petrochemicals through various refining processes.
Price inflation refers to the general increase in prices of goods and services over time, leading to a decrease in purchasing power.
Economic sectors are distinct areas of the economy that produce goods or services. The primary sectors include agriculture, manufacturing, and services.
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