Russia Considers Banning Gasoline Exports Amid Soaring Fuel Prices - Intelligence

(MENAFN- UkrinForm) This was reported by the Foreign Intelligence Service of Ukraine, according to Ukrinform.

Amid surging fuel prices, the Russian government is reportedly weighing a full ban on gasoline exports-a move that could have significant implications for the energy sector and for citizens already strained by ineffective economic policies.

On the stock exchange, the price of AI-95 gasoline rose 11% in June, reaching RUB 67,456 per tonne, while AI-92 increased by 12% to RUB 64,462.

According to the Foreign Intelligence Service, since the beginning of 2025, gasoline prices have risen more than 25%, placing significant pressure on consumers.

Read also: “Catastrophic understaffing” across Russian economy sectors – watchdog

There are ongoing discussions about broadening existing restrictions-from traders and oil depots to direct producers, including major state-owned companies like Rosneft. Simultaneously, the Kremlin is reportedly weighing a reduction in compensation to oil firms under the damper mechanism, a policy tool aimed at containing the rise in domestic fuel prices.

Despite a recent decline in global oil prices, exports of petroleum products remain one of the few consistent sources of foreign currency earnings for the Russian economy, according to the Foreign Intelligence Service. A full ban on gasoline exports is expected to further erode industry profits while offering little immediate relief for the domestic market.

As earlier reported by Ukrinform, several major Russian companies lost key assets abroad due to sanctions, adding further strain to the national budget.

Photo credit: Engin Akyurt/Pixabay

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