Russia imposes new ban on gasoline, affirms no impact on Belarus, Kazakhstan...

On August 14, the Russian government announced that it would re-impose a ban on gasoline exports for the next six months to “maintain stability” in the domestic fuel market after sharp price increases.

Russia continues to extend the ban on gasoline exports. (Source: Reuters)

In a statement, the Russian government said it had “imposed restrictions on petroleum exports from September 1 to December 31, 2024.

The measure is aimed at keeping prices stable, based on seasonal demand and planned refinery repairs.

The new restrictions will not affect deliveries made under agreements between governments, including Eurasian Economic Union members Belarus, Kazakhstan, Kyrgyzstan and Armenia.

According to data from the Ministry of Energy on August 9, Russia currently has 2.03 million tons of gasoline in reserve, and the supply for the domestic market increased by 5% compared to last year.

According to Kommersant, Russia did not completely lift the ban on fuel exports because it wanted to avoid a sharp increase in prices on the market, as it could not eliminate the risk of a repeat of the March 2024 drone attacks on oil refineries.

Russia has imposed the first-ever ban on the export of petroleum products from the fall of 2023 due to the peak of the price crisis on the fuel market - at the height of the harvest season, farmers complained about high prices for petroleum products, as well as shortages that arose in many places.

Source: https://baoquocte.vn/nga-apply-the-new-order-of-gasoline-suppression-not-affect-belarus-kazakhstan-282612.html