Topic on this topic "Changes in fuel prices in Russia over the past 3 years - 2020-2022".
Goals of this case:
- The ability to find information from open sources - the Internet.
- Ability to transform data in Power BI.
- Translation of the received information into English.
Case objectives:
Find fuel price data for 2020-2022 and compile a report from multiple visualizations.
Power BI presents 4 dashboards and conclusions:
- Fuel AI-92
The first visualization shows the dynamics of AI-92 fuel prices. We observe that from the period 2020 to 2022, prices have increased by approximately 9.3%. From the period January 1 to April 1 there was an increase of 0.1%.
- Fuel AI-95:
Fuel increased by about 13.5%. In February there was a price increase of about 0.1%, but in the following months the price was reduced by 0.1%.
- Fuel AI-98:
This visualization shows the dynamics of AI-98 fuel prices. We observe that from the period 2020 to 2022, prices have increased by approximately 14.8%. From March 1st to April 1st there was no price increase.
- Diesel fuel:
From 2020 to 2022, diesel prices have increased by about 12.2%. Since February 2022, we have seen a price increase of approximately 0.2%.
Conclusions
The cost of gasoline has been growing continuously in recent years, and at the beginning of 2022, the process even intensified. However, with the beginning of the military operation in Ukraine, prices unexpectedly fixed, and in some regions even crept down. This looks all the more abnormal against the background of general inflation and the record cost of petroleum products on the world market. Experts answered this question: Why is almost everything in Russia getting more expensive, except fuel?
"Oil up — gasoline down"
The main reason for the "gasoline stability" is the decrease in wholesale fuel prices. So, on the St. Petersburg International Commodity Exchange in the period from February 28 to March 5, the cost of various types of fuel fell within 9-12%, and in monthly terms, some types of fuel lost up to a quarter of the price. By mid-March, a number of quotations reached the lowest since the beginning of the pandemic, but then the world oil price was negative. Now it exceeds $110 per barrel, which has not been the case for eight years.
According to Rosstat, from February 26 to March 4, the average prices of motor fuel in Russia have not changed. However, in a number of regions, a slight drop in gas station prices was noticed, writes RBC.
There is no increase in fuel prices in the near future.
