Russia bans the sale of its gasoline and diesel to the rest of the world

Russia bans the sale of its gasoline and diesel to the rest of the world

Sep 22, 2023 - 12:01
Russia bans the sale of its gasoline and diesel to the rest of the world


The Russian government has announced in a statement that in order to bring stability to the domestic energy market, it has temporarily banned the export of gasoline and diesel to most of the countries in the world. According to Reuters, the Deputy Minister of Energy of Russia Pavel Sorokin has explained in a statement that the ban is for an indefinite period and further measures will depend on the satisfaction of the domestic market. Sorokin added by saying: the temporary restriction will fill the domestic oil market and reduce its price for consumers.

According to the report, the export of gasoline and diesel to the four countries of Belarus, Kazakhstan, Armenia and Kyrgyzstan is not included in the ban announced by Moscow. In the past months, Russia has faced a shortage of petrol and diesel, which has ultimately led to an increase in the price of these fuels. The energy cost situation has become worse in some agricultural sectors in the south of the country, which are in the harvest season. Analysts say that the maintenance of oil refineries and the decline in the value of the Russian ruble, which stimulates the export of oil, are among the factors that have caused tension in the domestic oil market of Russia.../