Russia has banned gasoline exports after a series of attacks on oil refineries.
The relevant decision was made by Russian Prime Minister Mikhail Mishustin.
The ban aims to “stabilize prices in the domestic market of oil products”.
Restrictions will be introduced to maintain prices during the peak fuel demand season amid production cuts.
Additionally, Russian refineries are expected to be required to sell 16% of diesel fuel on the exchange. Currently, they only sell 12.5%. The ban comes into effect on March 1.
At the same time, the ban on gasoline exports will not affect the EAEU countries.
After a series of “fly-ins” on oil refineries, gasoline prices have sharply increased. At the St. Petersburg International Exchange, the price of A-92 and A-95 gasoline increased by 7% and almost 8.5% respectively. It is worth noting that the Tuapse Refinery, owned by Rosneft, halted oil processing and the production of petroleum products after Ukrainian drones hit it. This refinery is the only one on the Black Sea coast of Russia and is one of the top ten largest in the Russian Federation.
Photo: open sources
