LPG market

July 12, 2020

The Russian fuel market took a stress test: the demand for all types of motor fuels has dropped by 70% by April, but shortly after lifting the restrictive measures, the depression caused by COVID-19 was replaced by a feverish demand. At the same time, temporary relaxation for a minimum volume of petroleum product sales through commodity exchange came to an end. The measure had been introduced earlier to support producers. The leading players in the industry commented on how this “double blow” will affect the market and the future price for liquefied petroleum gas (LPG).