{"id":7790,"date":"2023-09-21T12:55:06","date_gmt":"2023-09-21T12:55:06","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=7790"},"modified":"2023-09-21T12:55:06","modified_gmt":"2023-09-21T12:55:06","slug":"russia-imposes-temporary-restrictions-on-fuel-exports","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/7790\/","title":{"rendered":"Russia imposes temporary restrictions on fuel exports"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Russia has introduced temporary restrictions on exports of gasoline and diesel in order to stabilise the domestic market, the government said on Thursday.<\/p>\n

It did not specify how the restrictions would work. The energy ministry said separately that they would prevent unauthorised “grey” exports of motor fuels.<\/p>\n

“Temporary restrictions will help saturate the fuel market, which in turn will reduce prices for consumers,” the government said in a statement.<\/p>\n

\n
\n
\n
\n
\n
\n
\n
Government officials have said that the plans are intended to restrict fuel exports only to those who make the oil products, in order to avert a large-scale fuel crisis; a prohibitive duty on fuel exports has been considered.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

In recent months Russia has suffered shortages of gasoline and diesel. Wholesale fuel prices have spiked, although retail prices are capped to try to curb them in line with official inflation.<\/p>\n

\n
\n
\n
\n
The crunch has been especially painful in some parts of Russia’s southern breadbasket, where fuel is crucial for gathering the harvest. A serious crisis could be awkward for the Kremlin as a presidential election looms in March.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Traders say the fuel market has been hit by factors including maintenance at oil refineries, bottlenecks on railways and the weakness of the rouble, which incentivises fuel exports.<\/p>\n

\n
\n
\n
\n
\n
\n
\n
Russia has already cut its seaborne diesel and gasoil exports by nearly 30% to about 1.7 million metric tons in the first 20 days of September compared to the same period in August, according to traders and LSEG data.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The government statement added: “Previously, to stabilise the situation on the fuel market, the government raised the mandatory supply volumes of motor gasoline and diesel fuel to the commodity exchange …<\/p>\n

“Daily monitoring of fuel purchases for the needs of agricultural producers with prompt adjustment of volumes has also been set up.”<\/p>\n

Russia exported 4.817 million tons of gasoline and almost 35 million tons of diesel last year.<\/p>\n

Updated on