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Fuel retailing in Russia has lost its profitability

... surely endure a period of negative margins. According to Maslov, who holds the post of director for development of the Shell's gasoline stations chain, this year, each liter of retail gasoline brings in 1.5 rubles of loss. Vertically integrated firms, which have the opportunity to sell fuel in bulk and export ... .... According to experts, the current damper mechanism used in Russia discriminates against independent retail entities. Large oil holdings receive subsidies from the state, allowing themselves to wholesale at higher prices, and keep the low costs of fuel ...

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