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Crimea Imposes Fuel Price Caps as Gasoline Prices Spike Up to 20%

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The Russian multinational energy corporation Lukoil depot. (Source: Getty Images)
The Russian multinational energy corporation Lukoil depot. (Source: Getty Images)

Crimea’s Russian-appointed head, Sergey Aksyonov, has announced a deal with major fuel providers ATAN and TES to set fixed retail prices for gasoline and diesel starting June 13.

Under the new measures, diesel will be capped at 85 rubles ($0.94) per liter, while AI-92 and AI-95 gasoline will be priced at 79 ($0.87) and 86 ($0.95) rubles per liter, respectively. Aksyonov stated that authorities are currently negotiating with other regional fuel distributors to expand these price controls, according to The Moscow Times.

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The regional fuel crisis recently drove prices to levels nearly 20% higher than those seen in Moscow as of June 10. Due to severe shortages, some resellers had been selling gasoline at inflated rates reaching between 130 ($1.43) and 150 ($1.65) rubles per liter.

The instability in the fuel market followed persistent strikes by Ukrainian drones targeting oil tankers along the R-280 "Novorossiya" highway—a primary supply artery for the peninsula—as well as ongoing attacks against Russian oil refining infrastructure since Russia’s full-scale invasion of Ukraine.

Data indicates that by June 10, at least 25 Russian regions, along with the temporarily occupied territories of Crimea, Sevastopol, and the Donetsk, Luhansk, Kherson, and Zaporizhzhia regions, have experienced significant fuel shortages or supply interruptions.

The Russian Ministry of Energy has responded by forming a dedicated task force to manage the fuel and energy sector amid rising aerial attacks. Economist Kirill Rodionov described the current situation as the "most heavy crisis since 2023."

Overnight June 11, Ukrainian forces reportedly conducted strikes targeting four bridges linking Russia-occupied areas of the Kherson region with Crimea.

Saldo said there was initial evidence of damage and that specialists were examining the structures to determine their condition.

According to him, the affected crossings included bridges over the North Crimean Canal near the settlements of Preobrazhenka and Myrne, a road bridge on the Perekop–Armiansk route, and a bridge in the vicinity of Stavky.

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