On July 25 (Moscow time), according to TASS news agency, Russian Deputy Prime Minister Alexander Novak said that the country's government will extend the ban on gasoline exports until the end of 2026 to maintain stable supply for the domestic market.
Speaking to reporters in the city of Omsk, Mr. Novak said that the extension decision will apply to both direct production enterprises and non-gasoline production units.
Regarding the ban on gasoline exports, we have decided to extend it for both manufacturers and non-producing units. The ban will be extended until the end of the year," Novak said.
The Russian Deputy Prime Minister said that the diesel export restriction will be lifted when the market shows signs of recovery.
According to Mr. Novak, Russia's fuel production has been partly affected by attacks targeting some oil refineries in recent times. However, the situation has now improved and gradually stabilized.
To ensure domestic supply, the Russian government previously applied a ban on exporting gasoline and diesel oil, and planned to start importing some petroleum products from July.
Large Russian oil and gas corporations are also required to prioritize fuel distribution to areas with independent fuel retail systems to limit the risk of supply shortages.
Previously, Mr. Novak said that Russia had stockpiled enough fuel to meet domestic consumption demand. However, the psychology of buying and stockpiling of people and businesses has caused demand to increase by about 20-30% compared to normal.
According to him, adjusting the logistics and distribution system to meet increased consumption needs more time.
In recent months, Russia's fuel exports have been adjusted many times to balance between domestic supply and export demand, especially in the context of energy infrastructure being affected by conflict.
The extension of the ban on gasoline exports is considered one of the measures to stabilize the domestic energy market before considering resuming large-scale export activities.
