The Russian government is considering banning gasoline exports Reuters.
According to the agency, the government may take such a step because of potential domestic fuel shortages and rising prices after cutting refinery subsidies.
In addition, the Commodity Exchange can increase the volume of mandatory fuel sales.
It has been announced that no official statement has been made on this issue.
AMarkets Artem Deev Head of Analytics saidHe said that in the medium term, retail gasoline prices could drop slightly if the surplus of petroleum products in the Russian market continues to rise due to new sanctions.
He added that in the near future the price may increase by no more than 3-5 rubles per liter. Gasoline prices depend on inflation and raw material quotations.