Kommersant: Russian oil companies failed to fulfill about 60% of gasoline exchange contracts — due to Ukrainian attacks on refineries
Russian oil companies failed to fulfill about 60% of gasoline supply contracts on the St. Petersburg exchange between May and September, according to estimates from industry sources who spoke to the Russian business daily Kommersant.
About 20% of the deals fell through entirely, ending in default or cancellation, while another 39% remain unfulfilled. Of those, 24% have exceeded the standard 30-day shipment window.
Lukoil and Rosneft accounted for the bulk of the unfulfilled contracts, at 46% and 28%, respectively. A source told Kommersant that Ukrainian drone attacks hit their refineries hardest.
The source said oil companies prioritized state tasks first, such as supplying defense and industrial enterprises, leaving gas stations “on one of the last lines” of that list.
Independent gas stations are the exchange’s main buyers of fuel. Russian law requires vertically integrated oil companies to send a portion of their output there.
Russia’s second fuel crisis wave began in August, driven by Ukrainian drone strikes on oil refineries. Gasoline prices rose and lines reappeared at gas stations, just as they had in June.
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