Dagestan Records Price Increases for New and Used Cars in October

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According to an inflation analysis by the Central Bank, prices for new and used passenger cars in Dagestan rose in October. The increase was relatively modest, between 5-8%, but a trend of further growth is possible.

This trend is a direct result of buyers accelerating purchases to avoid impending higher recycling fees on imported vehicles. The report also highlights a significant price increase for motor oils, resulting from reduced domestic production due to maintenance at several oil refineries. This has driven up wholesale market prices.

Furthermore, demand for gasoline and diesel fuel remained high in October for seasonal agricultural work, continuing a trend from September. Overall, motor fuel costs in the region have increased by 18.72% over the past 12 months.

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