Within a month, more than 150 listings for gas stations for sale have appeared in Russia. Owners attribute this to financial difficulties, debts, and issues with fuel supply.
A queue at a gas station in Moscow / © Associated Press
Following the escalation of the energy crisis in Russia due to Ukrainian drone attacks on Russian oil refineries, gas station owners have begun selling them off.
This information was reported by the Russian propaganda media outlet “Izvestia.”
The asking price for a single gas station ranges from one to 150 million rubles ($1.9 million).
The valuation of these properties is influenced by their location, equipment, operational history, and the presence of a franchise. In some regions, entire networks of stations are being offered for sale. For example, a network of 13 stations in Ufa is available for purchase at 350 million rubles (approximately $4.5 million).
“Lukoil” and “Gazprom” Also Selling
In addition to independent owners, major oil companies have also put their gas stations on the market.
As discovered by the publication, gas stations belonging to major Russian oil companies are also up for sale. Specifically, Gazprom’s website lists stations in the Astrakhan, Rostov, Tambov, and Nizhny Novgorod regions as non-core assets subject to sale. These facilities are owned by Gazprom network gas stations LLC. The price per station varies from 940,000 to 13.4 million rubles.
Announcements for the sale of gas stations are also posted on Lukoil’s website. These pertain to properties in the Tver, Tyumen, Chelyabinsk, and Kaluga regions, as well as the Perm Krai. The cost of these assets has not been disclosed. Furthermore, a gas station operating under the Lukoil franchise in the city of Ivanovo is being sold on the “Avito” platform, valued at 51.5 million rubles.
The publication notes that private gas stations in Russia receive fuel on a residual basis.
Initially, major companies secure their fuel supply, followed by regional networks, and then smaller market participants.
Consequently, fuel either does not reach these smaller stations at all, or they are forced to purchase it at inflated, uncompetitive prices.
Gasoline Crisis in Russia – What is Known
The gasoline crisis in Russia continues to expand its geographical reach. Amidst Ukrainian attacks on oil infrastructure, fuel supply disruptions over the past month have affected nearly all regions – problems have impacted almost 80 regions, as well as the annexed Crimea and Sevastopol.
Russian authorities claim that they have implemented restrictions to prevent “panic buying.”
The situation in Moscow and the Moscow region also remains challenging. People queue through the night to refuel their vehicles, sometimes leading to altercations. Meanwhile, the government has prohibited the publication of gasoline price data, whereas previously “Rosstat” reported prices weekly.
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