Russia tightens reverse excise rules for refineries, per-refinery gasoline share basis

The Russian government submitted amendments to the Tax Code that tighten conditions for oil companies to receive reverse excise on crude oil, calculating the gasoline share in processing for each refinery individually. This shifts subsidy eligibility from company-wide to per-refinery, likely reducing payouts for refineries with lower gasoline yields. The move signals fiscal tightening amid budget constraints and may affect refinery economics and fuel supply incentives.