GENERICO.ruEconomicsRussia lifted ban on gasoline exports

Russia lifted ban on gasoline exports

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MOSCOW, November 17. The government has lifted the temporary ban on the export of gasoline from Russia, the Ministry of Energy reported.

"by the Government of the Russian Federation a decision was made to lift the temporary ban on the export of motor gasoline, introduced on September 21 as part of a set of measures to stabilize the price situation on the domestic motor fuel market, from November 17,” the statement says.

It is specified that this decision was made to prevent unloading of oil refineries and “ensure high levels of production of commercial motor gasoline.” At the same time, we also took into account the stabilization of prices on the domestic market.

The market price of fuel in Russia began to rise in the spring and remained at a record level for several months. The growth rate and retail prices significantly accelerated. Experts explained the current situation, among other things, by gray supplies. As a result, on September 21, the government banned the export of gasoline and diesel fuel from Russia.
Later, on October 6, the cabinet approved additional measures. Among them are a return to damper payments in full, as well as the lifting of the ban on the export of diesel fuel through pipelines for those who supply at least 50 percent to the domestic market. They also introduced a protective export duty for non-producers of fuel, which amounted to 50 thousand rubles per ton. In addition, the government increased the standards for mandatory sales of AI-95 gasoline on the exchange to 15 percent, and diesel fuel to 12.5.


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