Russia extends ban on gasoline exports till year end
From March 1 to Aug. 31, Russia initially introduced a ban on the export of gasoline, to offset the growth in domestic demand in spring and summer.
The Russian government has extended its ban on gasoline exports until Dec. 31, the Cabinet of Ministers said in a Telegram statement Wednesday.
According to the statement, the decision was made to maintain a stable situation in the fuel market during the ongoing seasonal demand and scheduled repairs carried out at oil refineries.
From March 1 to Aug. 31, Russia initially introduced a ban on the export of gasoline, to offset the growth in domestic demand in spring and summer.
The ban was temporarily lifted to prevent a reduction in oil refining t from mid-May to July 31 due to the saturation of the domestic market.