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The government has extended the ban on gasoline exports until the end of the year.
... from the Ministry of Energy. The proposal implied that the ban would effectively continue through September and October, and for the next two months, an embargo would be in place only for non-producers of petroleum products.
The previous temporary export ban on gasoline was introduced in September 2023.
Market Reaction to the Lifting and Return of the Embargo
In late May, the Ministry of Energy reported that stocks at oil refineries and fuel depots amounted to 2.1 million tons of automotive gasoline ...
The Russian government will extend the permit for gasoline exports for one month.
A comment for "Vedomosti".
The Russian government plans to extend the export permit for gasoline until the end of July 2024. Previously, a six-month export ban on gasoline was introduced starting March 1, 2024, which was temporarily lifted in mid-May. The decision to extend the export will be made considering the current situation in the fuel market, including stock levels and price dynamics. It is noted ...
Novak allowed the lifting of the ban on the export of AI-92 gasoline
... Vice Prime Minister Alexander Novak. If signs of oversupply in the market are confirmed, the embargo, which lasts until the end of the year, could be partially lifted—specifically for AI-92 gasoline.
"We've received a proposal (on lifting the export ban. — RBC). I have instructed the Ministry of Energy to work on this issue and submit the necessary proposal," Novak told reporters in the sidelines of the Russian Economic Forum (quoted by RIA Novosti). He explained that the ministry should complete ...
Liter for Ours
We discuss whether the rise in gasoline prices will halt after the export ban is introduced. We analyze the possible consequences for the domestic market.
Retail gasoline prices have accelerated their growth. According to Rosstat, from July 8 to July 14, the prices for AI-92 and AI-95 increased by 24 and 25 kopecks, respectively....
The export ban has slowed the growth of exchange prices for gasoline.
Commentary for "Rossiyskaya Gazeta".
The article “The Export Ban Slowed the Growth of Exchange Gasoline Prices” discusses the impact of the August 2024 ban on gasoline exports on the Russian fuel market. Despite the export restrictions, exchange prices for gasoline remain close to annual highs. The price increase ...