The government of the Republic of Crimea announced a coordinated effort with fuel suppliers to bring down prices, a development highlighted by the republic’s president, Sergei Aksenov, on his Telegram channel. The president conveyed that an accord had been reached to lower the cost of diesel fuel and gasoline across the region. The notice specified concrete price points: starting at 00:00 on Saturday, October 14, diesel would be priced at 66.80 rubles per liter, 95 octane gasoline at 59.80 rubles, and 92 octane gasoline at 55.80 rubles. These figures reflect a deliberate policy measure aimed at easing the burden on motorists and agricultural users while maintaining supply stability in local markets.
Earlier, the Russian government implemented a temporary export restriction on gasoline and diesel fuel. The justification centered on stabilizing prices within the domestic market and preventing volatility that could ripple through consumer costs. The ministry noted that the measure would help ensure adequate fuel availability, which in turn would help bring down retail prices for everyday buyers. The move was framed as a market intervention designed to absorb spurts in demand and counterbalance fluctuations in global energy markets, with a focus on protecting household budgets and essential sectors.
In tandem with export controls, authorities took several domestic steps to calm the fuel sector. Officials increased the daily allocation of fuel to exchanges and instituted continuous monitoring of purchases by agricultural producers. The goal was rapid adjustment of supply volumes in response to real-time market signals, reducing the risk of shortages and price spikes. These actions underscored a comprehensive approach that combined price controls, stock management, and stringent oversight to stabilize the fuel chain from production to the pump.
Per the government’s decision, the temporary ban on Russian fuel exports was not intended to apply to member states of the EAEU or to humanitarian aid shipments. This carve-out was presented as a measure to maintain regional cooperation and ensure that critical support continues to reach allied economies and those in need, while safeguarding domestic price stability through targeted controls.
In a previous development, the Russian Council of Ministers partially relaxed certain restrictions on diesel exports. Officials indicated that some export limitations would be adjusted to reflect evolving market conditions, balancing the needs of domestic consumers with broader economic and strategic objectives. The ongoing policy adjustments illustrate an adaptive stance aimed at preserving market stability without sacrificing essential supply capabilities for either domestic users or partner regions.