Tuesday, 02 January 2024 12:17 GMT

Russia Prolongs Fuel Export Restrictions


(MENAFN) On Tuesday, Russia prolonged a provisional restriction on gasoline exports and implemented new limitations on other fuel types, extending the controls until December 31.

According to a statement from the government, the extension is intended to “maintain a stable situation in the domestic fuel market.”

This move reflects ongoing efforts to regulate local fuel availability and pricing.

In a separate decree, the Russian authorities also imposed restrictions on the export of diesel, marine fuel, and other types of gasoil, including quantities purchased on exchanges.

These new regulations will take effect the day after they are officially published and are set to remain valid until the conclusion of 2025.

The administration clarified that these latest export limits will not apply to shipments made directly by the original producers of the specified fuels, thus offering some flexibility to key domestic suppliers.

Previously, Deputy Prime Minister Alexander Novak announced that officials intended to maintain fuel export limitations through the end of the year.

Russia has occasionally enforced fuel export bans in recent years to manage rising prices and preserve domestic supply, particularly during times of refinery shutdowns and peak seasonal consumption.

As one of the world’s leading diesel exporters, its regulatory decisions are closely monitored by global energy markets.

MENAFN01102025000045017167ID1110134503

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search