Russia will introduce gasoline export ban from March 1

Tatyana Aksyutina

The Russian government has decided to introduce a temporary ban on the export of gasoline abroad and increase the volume of diesel fuel sales on the stock exchange. The relevant resolutions have been signed and come into force on March 1, as reported on the Cabinet of Ministers Telegram channel.

The restrictions will remain in effect until August 31. Their goal is to maintain stability in the fuel market during increased demand. We discussed spring field work, the holiday season, and scheduled refinery repairs.

The ban on gasoline export will not apply to supplies under intergovernmental agreements. This includes talking about the EAEU countries. In addition, the restrictions will not affect fuel exported by citizens for personal purposes and humanitarian aid.

Diesel fuel sales standards on the stock exchange will increase from 12.5% to 16%. This should further increase supply in the domestic market.

Bashinform News Agency reported that measures to reduce fuel prices began to produce results.

Author: Sergey Nikolaev

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