In Russia, the demand for gasoline fell


5 Feb 2020

Analysts suggest that people are just starting to save money on cars

In 2019, demand for gasoline in Russia fell to a minimum over the past five years, having decreased by 1.4% to 35.5 million tons. Experts called this dynamics paradoxical: stronger than in 2019, demand for this type of fuel fell only in 2015 – by 1.9%. However, if in 2015 such consumer behavior was explained by a two-year drop in real disposable incomes, then in 2019, on the contrary, their growth was recorded.

Actually, a decrease in demand for fuel is reported by the Petromarket research group. She concludes that the cause of the fall could be either a user’s refusal to use personal cars, or the substitution of gasoline with other fuels, such as gas. Interestingly, the report contains information on the mass installation of gas equipment on automobiles.

When writing news, the following information was used:

Comments on the news

leave a comment

Rate article
Cars and Coffe
Add a comment