Will the average price of AI-95 gasoline in Russia exceed 70 rubles per liter by March 31, 2026?

Fuel prices in Russia have hit a turning point: for the first time in four years, gasoline is more expensive than in the U.S., with prices up about 12% year-on-year, far above inflation. High taxes and excise duties (60–70% of the price), a minimal role of crude oil costs, rising excises, and persistent logistics constraints continue to pressure prices. While winter demand may bring short-term stabilization, experts see limited potential for real price declines due to ongoing structural stress.