Russia Duma Committee Backs Fuel Damper Price Hike for 2027-28

Russia's State Duma Budget Committee recommended first-reading approval of a government bill raising normative domestic prices for gasoline, diesel, and jet fuel used in the damper mechanism for 2027-28. This could reduce budget payments to oil companies and airlines, signaling fiscal tightening in the energy sector. The move is part of ongoing adjustments to Russia's fuel subsidy framework, with uncertain impact on domestic fuel prices and refinery margins.

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