The Russian Federation will gradually lift the ban on diesel fuel exports, but restrictions on gasoline will remain until the end of the year. Deputy Prime Minister Novak stated that the market has stabilized after the fuel crisis caused by attacks on refineries.
Russia intends to revoke the prohibition on diesel fuel exports subsequent to the stabilization of the domestic market, while simultaneously, the restrictions on gasoline exports are slated to be maintained until the year’s conclusion. This was announced by Russian Deputy Prime Minister Alexander Novak, as reported by Bloomberg, citing UNN.
Details
According to Novak, the export ban on diesel fuel will be phased out to prevent the oversaturation of oil refineries and a reduction in processing volumes.
We have also decided in the working group to extend the ban on gasoline exports for both producers and non-producers. That is, it will be extended until the end of the year.
– Novak stated.
The Russian government claims an improvement in the fuel situation
As noted by Bloomberg, Russia faced a nationwide fuel crisis this summer. In numerous regions, rationing of gasoline and diesel fuel sales had to be implemented following intensified Ukrainian attacks on oil refining facilities. In response, the government introduced a series of restrictions, including a ban on fuel exports.
Novak asserted that the situation in the fuel market is progressively stabilizing, as several oil refineries have already resumed operations, and the supply to gas stations has “significantly improved.”
Concurrently, the government is discussing additional fuel supplies to Siberia, where the situation remains challenging. He mentioned that a portion of the deficit could be covered by supplies from Kazakhstan, although the surplus of fuel in that country is negligible.