The Russian government decided to temporarily ban the export of gasoline abroad and increase the volume of sales of diesel fuel on the stock exchange. The relevant decisions were signed and entered into force on March 1. reported On the Telegram channel of the Council of Ministers.
The restrictions will remain in effect until August 31. Their aim is to maintain stability in the fuel market during a period of increasing demand. We’re talking spring field work, the holiday season, and planned refinery repairs.
The gasoline export ban will not apply to supplies under intergovernmental agreements. This includes talking about the EAEU countries. In addition, the restrictions will not affect the fuel exported by citizens for personal purposes and humanitarian aid.
Diesel fuel sales standards on the stock exchange will increase from 12.5 percent to 16 percent. This will further increase the supply in the domestic market.
Before that, Deputy Prime Minister Alexander Novak reportedHe said the government was not planning to impose a ban on diesel fuel exports.
previously economist appreciatedWhat will happen to gasoline prices after the export ban is introduced?