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The government has extended the ban on gasoline exports until the end of the year.
Sergey Tereshkin's comment on the controversial issue of the ban on gasoline exports for RBC.
The Russian government has extended the temporary ban on gasoline exports until December 31, 2024. Initially introduced in March for a six-month period, the ban was suspended between May and July but has now been extended again to ensure ...
The Circle: What Do the Russian Government's Plans to Allow Gasoline Exports Mean?
The longer the ban on gasoline exports lasted, the fewer incentives oil companies had to curb prices, which is why the government decided to ease restrictions. However, the market is in urgent need of new solutions that go beyond subsidies and export restrictions, believes Sergey Tereshkin,...
Experts assessed the consequences of lifting the ban on gasoline exports
The CEO of the OPEN OIL MARKET petroleum products marketplace, Sergey Tereshkin, comments on the latest decisions by the Ministry of Energy regarding gasoline exports and explains why lifting the ban has become a relevant step. The article examines how the stabilization of domestic market prices affects export policy and analyzes the potential consequences for fuel prices. Tereshkin also explains why oil companies ...
Liter for Ours
... decision on the introduction of a complete
ban on gasoline exports
based on that. Currently, exports are only prohibited for non-producers (oil depots, traders). Oil refineries (refineries), which are largely owned by oil companies, have the right to export gasoline. Judging by the dynamics of exchange quotations, a complete ban is imminent.
However, as has been emphasized multiple times, this measure is extreme and indicates that the market is operating under "manual regulation." The reasons for ...
Gasoline Stock Market Prices Hit Records: Reasons and Prospects for Gas Station Prices
... the record stock market prices for gasoline did not impact the export ban and what to expect for prices at gas stations in the near future.
Fuel market quotes have been hitting record highs since the beginning of the week, as if the complete ban on gasoline exports introduced just a week ago had never happened. The market did not anticipate a cooling period or a gradual decline in wholesale fuel prices. This suggests that retail prices are unlikely to stabilize anytime soon, having already surpassed the ...