Prices for every large Russian refinery, for exchange traded or OTC contracts respectively, are calculated for each type of petroleum product:
- Gasoline Regular 92
- Gasoline Premium 95
- Summer Diesel
- Winter Diesel
- Autumn/Spring Diesel
- Low-Viscosity Marine Fuel (limited to the price for OTC contracts)
- Jet Fuel
- Fuel Oil
Prices at refineries are used to calculate District and National indices.
Prices at refineries for exchange traded contracts are calculated as the average weighted price of exchange traded contracts for delivery points designated for a specific refinery. The index composition does not include trades with prices significantly higher or lower than the prices registered on preceding days, negotiated trades and trades with volumes high above the market average.
The values of Prices at refineries are available to subscribers only.
Prices at refineries for OTC contracts are calculated for every large refinery as the average weighted price of OTC contracts registered on the exchange with a delay of 7 business days, a time needed to collect all the information on OTC contracts. The index composition does not include contracts with volumes below 40 tonnes or above 100,000 tonnes, as well as contracts with prices significantly higher or lower than the two-week average.
If there are any new delivery points or exchange traded commodities, the changes are made to the index composition, and take effect the next trading day, which ensures the index always reflects current prices.