Motor oil prices in Russia spike 40% as imports run short
Russia’s motor oil supply chain has run into trouble. Market participants told the Russian business daily Kommersant that a shortage hasn’t hit yet, but delivery times have stretched, and prices in some segments have recently jumped by 40%.
Motor oil prices in Russia have surged by 40% due to supply chain issues, according to market participants. While a shortage has not yet occurred, delivery delays have increased, and certain popular oil types are currently unavailable. Vladimir Andreev, head of the service division at Fresh online auto marketplace, revealed that customers are forced to purchase whatever oil manufacturers have managed to ship through resellers.
The shortage primarily affects imported oils, although some sources also reported disruptions in the supply of domestically produced oils. Market participants speculate that the disruption could be due to unscheduled repairs at refineries following Ukrainian drone attacks. Additionally, Russia has allowed the sale of gasoline meeting older environmental standards due to the fuel crisis, which contains higher sulfur content.
Drivers using this fuel in modern vehicles are advised to change their oil more frequently to minimize the risk of engine damage. Meduza, a Russian business daily, reports this development, employing AI tools to ensure timely and accurate translation of the story from Russian to English.
Written by urgent.news from Meduza (English)'s reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
