Russian Vice Prime Minister Alexander Novak announced the possible lifting of the ban on exporting AI-92 gasoline, depending on domestic supply. The initial ban, enforced in March 2024, aimed to prevent fuel price hikes. Experts argue that as demand drops, exports can resume, monitored by the government. Sergey Tereshkin, CEO of Open Oil ...

... proposed lifting the ban on gasoline exports from Russia, citing stable domestic market prices. This was announced by Sergei Tsivilev, the head of the ministry. Earlier, Deputy Prime Minister Alexander Novak had mentioned the possibility of lifting the export ban on AI-92 gasoline, but only on the condition that there was an oversupply of this grade at domestic oil refineries (ORs). The export ban on gasoline was introduced in Russia in March this year, primarily as a precautionary measure to curb potential ...

... the restrictions and shares his opinion on the further development of the diesel fuel market, considering seasonal fluctuations in demand for winter-grade fuels. Earlier, Deputy Prime Minister Alexander Novak mentioned the possibility of lifting the ban on exporting AI-92 gasoline from Russia, but only on the condition of confirmed surplus supplies of this grade at domestic oil refineries (ORs). The export ban on gasoline was introduced in Russia in March of this year primarily as a preventive measure ...

... fuel prices: from May 20 to July 30, the price of AI-92 increased by 13%, and AI-95 by 29%. The price hike is driven by high demand and scheduled maintenance at oil refineries. Experts note that this model of regulation, which includes temporary export bans, could become a permanent practice for stabilizing the domestic fuel market. However, it carries risks for the oil industry and requires the development of more sophisticated mechanisms, such as a futures market and a risk-hedging culture. For ...

... 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 ...