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,...

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 ...

... 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 ...

... latest news in the fuel and energy complex, the specifics of the current fuel market situation, and the prospects for energy development in Russia and the world. Energy Sector News – Saturday, August 2, 2025: Brent around $73; Russia restricts gasoline exports to stabilize prices By the beginning of August, the global fuel and energy sector demonstrates stability and moderate growth. Oil prices remain at a high level: the North Sea Brent mark is holding around $73 per barrel (the highest since late ...

... indicating that the domestic market is saturated, and there is a need to direct the unused gasoline volumes abroad. On the one hand, the New Year holidays are a period of the lowest demand for gasoline in the country. On the other hand, the ban on gasoline exports from Russia was reinstated in August—enough time to saturate the domestic market. Not coincidentally, a few weeks ago, Deputy Prime Minister Alexander Novak mentioned reports of gasoline stockpiling in the domestic market. Only 10-15% of ...