Russia Weighs New Gasoline Export Ban to Tame Rising Domestic Prices
Russia Weighs New Gasoline Export Ban to Tame Rising Domestic Prices

Russia Weighs New Gasoline Export Ban to Tame Rising Domestic Prices

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Russia Weighs New Gasoline Export Ban to Tame Rising Domestic Prices – Izvestia

The proposal was reportedly discussed during a meeting on Wednesday led by Deputy Prime Minister Alexander Novak. Officials are expected to monitor the fuel market for another week before making a final decision. Russia has already imposed restrictions on gasoline exports this year, including a ban from March 1 to Aug. 31.

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The Russian government is considering a fresh ban on gasoline exports in August and September as domestic fuel prices continue to rise, according to multiple sources cited by the pro-Kremlin daily Izvestia.

The proposal was reportedly discussed during a meeting on Wednesday led by Deputy Prime Minister Alexander Novak. Officials are expected to monitor the fuel market for another week before making a final decision, sources familiar with the discussions told Izvestia.

Russia has already imposed restrictions on gasoline exports this year, including a ban from March 1 to Aug. 31 for traders, oil depots and producers with annual output below 1 million tons.

In May, Novak extended these restrictions for non-producers until October, according to Izvestia.

These moves mirror similar measures enacted in spring and autumn of 2024, when export limits were introduced to manage domestic fuel availability. Large refineries were later granted exemptions in both cases.

After the latest meeting, the government’s press service said Novak requested companies to resume operations at refineries promptly after maintenance and to meet planned fuel production targets.

“It is essential to prevent a sharp rise in gasoline prices. The Energy Ministry, together with oil companies, must closely monitor market conditions and manually balance fuel supply to the market,” Novak said.

Source: Themoscowtimes.com | View original article

Source: https://www.themoscowtimes.com/2025/07/10/russia-weighs-new-gasoline-export-ban-to-tame-rising-domestic-prices-izvestia-a89760

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