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(Bloomberg) — Ukrainian drone strikes on Russian oil refineries have exacerbated a summer crisis on the domestic fuel market, leading to a spike in prices amid high seasonal demand.
Wholesale fuel prices in Russia have hit records in August as supplies shrank. That’s squeezed the ability of smaller gas stations not operated by Russian oil majors to stay in business, particularly in areas where logistics are costly.
Officials in the Russian-occupied Crimea Peninsula and part of Zaporizhzhia regions of Ukraine also reported shortages that left some filling stations dry as a result of refinery interruptions from drone attacks.
Fuel shortages have been reported in Russia’s Far East. In the Zabaikalsky region, near the bor