Government will ease the gasoline export ban 05.20.2024, 20:28

The Russian government has suspended the temporary ban on gasoline exports to oil refineries until June 30, 2024. This has been officially reported telegram channel departments.

The Council of Ministers announced that the restrictions will continue from July 1 to August 31. The decision was taken due to saturation of the domestic fuel market, fears of overstocking refineries and the need to clear gasoline ports for export. Previously, a six-month ban was imposed from March 1 to August 31 as a preventive measure against increased seasonal demand during repair work at factories following drone attacks.

The ministry announced that the temporary ban on gasoline exports from the country makes it possible to achieve the goals set to stabilize the domestic fuel market, and restrictive measures may be expanded in the future.

Deputy Prime Minister Novak in early May accepted Removal of restrictions when the market is saturated. Authorities also urged companies to use their capacities and prioritize domestic supply. This was also helped by Russian Railways’ increase in the priority category for shipments of petroleum products.

As a result, he noted, these measures make it possible to fuel the market. RBC Despite the decline in production. According to Rosstat, in the first quarter. Gasoline production decreased by 1.3% on an annual basis to 11 million tons, and diesel production decreased by 2.2% to 21.9 million tons.

Previously Ministry of Finance denied Resetting the freeze dampener for oil companies.

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Source: Gazeta


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