Russian oil companies receive 34.5 bln rubles under damping mechanism in June compared to 42.5 bln in May

MOSCOW. July 3 (Interfax) - Payments from the Russian budget to oil companies under the fuel damping mechanism amounted to 34.5 billion rubles in June 2025, according to materials on the formation and use of additional oil and gas revenues of the federal budget published on the Finance Ministry's website.

In May, similar payments totaled 42.5 billion rubles. In April they stood at 62.7 billion rubles, in March at 100.3 billion rubles, in February at 148.3 billion rubles and in January at 156.4 billion rubles. The month of June thus continued the monthly downward trend in payments.

Cumulatively, damper payments to oil companies over the past six months reached 544.7 billion rubles.

Russian Finance Minister Anton Siluanov previously said that 2025 damping mechanism payments to oil companies are expected to be 1.4 trillion rubles below plan, at approximately 2.6 trillion rubles. "Prices have fallen, so revenues have decreased, and we will return less to oil companies," he said.

The government pays the damper as a subsidy to oil companies to help them contain domestic fuel prices when export netbacks are high.

In 2024, oil companies received 1.815 trillion rubles from the budget through the damping mechanism, compared to 1.588 trillion rubles in 2023, 2.171 trillion rubles in 2022 and 674.5 billion rubles in 2021. Due to market conditions in 2020, oil companies paid 356.6 billion rubles into the budget under the damping mechanism. In 2019, the budget returned 282.2 billion rubles to oil companies under the mechanism.