... factor becomes particularly pronounced by mid-year, although it is expected that by autumn the effects of the accumulated gap ("shrinkage of the handicap") will ease somewhat. Export Attractiveness. High conditions on external markets make fuel exports more profitable than domestic sales. World prices for oil and petroleum products remained relatively high in 2025, and the exchange rate of the national currency is not as strong as before, increasing ruble revenues from exports. In these circumstances,...

... claims that an official announcement may be made as soon as Friday, June 28. The six-month ban on gasoline exports from Russia came into effect on March 1, 2024. However, just two months later, it was lifted by a special government decision. The export of fuel was allowed "temporarily" from mid-May to June 30. This means that the government has only a few days until July 1 to decide whether to extend or cancel the ban. According to the source, the company Surgutneftegaz, which exports the ...

... separation of the damper is a sign of the exhaustion of the current regulation model, in which exchange price growth is restrained through multi-billion ruble budget payments, and retail price surges are controlled through export bans. Restrictions on fuel exports cannot solve the technological problems of refineries, and subsidies do not create market incentives for price restraint. Moreover, the industry has been caught in a vicious cycle for years: following a surge in prices, the regulator imposes ...

... taking place at refineries." In November, the government lifted the ban on gasoline exports for oil product producers, while for other suppliers the measure was extended until the end of January 2025. In March of last year, the ban on diesel fuel exports imposed in September 2023 expired. In February, the government again introduced a ban on automobile gasoline exports from March 1 to August 31 for everyone except oil product producers. The decision was made to maintain a stable situation in ...

... the development of more sophisticated mechanisms, such as a futures market and a risk-hedging culture. For a more detailed analysis of the situation and its impact on the fuel market, you can read the full article via the link above. The Russian fuel market will return to a ban on gasoline exports starting August 1, which, according to the current plan, will last until September. Experts believe that manual regulation has become the basic approach for the near future, but this carries certain risks. The gasoline export ban, suspended ...