Deputy Prime Minister Alexander Novak said Russia does not yet plan to further ease restrictions on diesel fuel exports. Bloomberg.
According to him, there is no decision on this issue yet. However, if any problems arise, the Ministry of Energy of the Russian Federation will evaluate this issue. Russia lifted the diesel fuel export ban, which had been in effect since mid-August, at the beginning of October. However, some restrictions remain. In particular, all major Russian manufacturers are required to devote at least 50% of their diesel production to the domestic market. Additionally, exports are only allowed via pipelines; Delivery by rail is still prohibited.
The first ban on the export of diesel fuel helped stabilize the rising prices of this fuel in Russia. It also caused a shortage of diesel in the world market. According to Alexander Novak, Russian authorities have lifted most of the restrictions to prevent overfilling of fuel tanks. The Deputy Prime Minister also added that discussions are continuing on how to finance the increased subsidies for diesel fuel and gasoline for the domestic market. According to him, a decision on this is expected in the near future.
Russian government at the beginning of the week stated On stabilizing the situation in retail prices of oil products.
It was previously known that it may be the largest commodity exchange in the Russian Federation. to change Leader.