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Gasoline Price Spike Adds to War’s Economic Toll for Russians
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Gasoline Price Spike Adds to War’s Economic Toll for Russians Fuel prices in Russia jumped again, bolstering the case for central bank policy caution after Governor Elvira Nabiullina warned that lower output in the wake of Ukrainian strikes on refineries had become a new inflation risk. Average gasoline prices increased 3% over the past week to 71.20 rubles ($0.95) per liter in June 16-22, according to data from the Federal Statistics Service released Wednesday. That’s the biggest weekly...
Gasoline Price Spike Adds to War’s Economic Toll for Russians
Fuel prices in Russia jumped again, bolstering the case for central bank policy caution after Governor Elvira Nabiullina warned that lower output in the wake of Ukrainian strikes on refineries had become a new inflation risk.
Average gasoline prices increased 3% over the past week to 71.20 rubles ($0.95) per liter in June 16-22, according to data from the Federal Statistics Service released Wednesday. That’s the biggest weekly increase in at least 20 years, historic data show.
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