Due to a fuel shortage: Freight rates have risen significantly in Russia
29 June 15:12
Due to a shortage of diesel fuel, Russian freight carriers have begun warning customers about price increases, according to Russian propaganda media citing market participants, as reported by "Komersant Ukrainian".
Tatyana Patuzhna, co-founder of the Sigma group of logistics and transportation companies, told the media that starting July 1, fellow trucking companies will raise their rates by at least 10 percent.
Igor Rebelsky, founder of VIG Trans, believes that domestic freight rates are still relatively stable, but they are likely to rise due to restrictions on refueling and fuel supply disruptions, particularly in Siberia, the southern regions of Russia, and a number of border regions.
“In the international and CIS transportation segment, the impact is more pronounced: diesel prices have risen from 70–72 to 77–90 rubles per liter, and some carriers are already factoring additional costs into their rates, which have increased by about 5%,” Rebelsky added.
China route: significant increase in freight rates
Georgy Vlastopulo,head of the logistics company “Optimalog,” notes that the problem does not yet affect the Moscow region, but on the China route, freight costs have risen by an average of $700 per truck trip over the past week and a half. Alexey Chernyshov, director of AKFA, stated in a comment that prices have risen by 50,000–70,000 rubles per truck for deliveries from Manchuria to Moscow. He noted that the rate is expected to increase by another 200,000 rubles.
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Importantly, most customers have no alternatives to truck transport, the publication notes, citing market participants surveyed. Since “the entire transportation industry is facing the same problem, there is nowhere for cargo to go,” they note.
Fuel Shortage in Russia Due to Ukrainian Strikes
In recent weeks, Ukraine—which is defending itself against a full-scale invasion by Russia—has intensified drone strikes on Russian oil refineries, leading to restrictions on fuel sales in annexed Crimea and in many regions of Russia, including the Irkutsk region and the Khanty-Mansi Autonomous Okrug.
According to Reuters, gasoline production in Russia had fallen by 25 percent year-over-year by the end of June. On June 24, the Russian State Duma adopted amendments to the Tax Code that provide for the introduction of budget subsidies for oil companies that purchase gasoline abroad.
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