Gasoline continued to fall in price. The rate of decline reduced from the average values of 300 - 400 R/t in the first two days of the week to average 150 R/t today. I guess the market is gradually overstock gasoline. This is evidenced by the summary of the CDU TEK of 17 January. The previous week the domestic market of the unloaded average volume of motor gasoline - 662 thousand tons, while the volume of residues in refineries and tank farms grew by 27 thousand tons, which is a measure of reducing gasoline consumption. Moreover, the build-up of residue is observed for the second month and I think the current price correction, we can explain as a reaction to a surplus of goods.

On the other hand, if you rely on the spread in prices between the netback and stock indices, the growth potential of the index remains at the level of 3 000 - 4 000 R/t. It is natural to expect that the producers will bring the spread closer to balance by reducing the release of the goods, or by increasing exports.

In diesel segment also shows a decline in prices. For winter grades of diesel this phenomenon is expected. Winter has now reached its peak on 19 January, the feast of the Baptism from the Orthodox. After that date, according to the belief of "Gypsy coat sells", and it means that it is no longer needed. Netback for diesel (summer) were included in the range 36 000 - 37 000 R/t and I think it will stay. Prices on pre-season varieties close to this range and, I believe, will remain at current values. The prices of transactions with the summer varieties to fall on low demand. However, this is a winter picture.