Russia to ban gasoline exports starting March 1
Russia will introduce a six-month ban on gasoline exports starting from March 1, a spokesperson for Russian Deputy Prime Minister Alexander Novak said on Tuesday.
The move aimed to offset the growth in demand in spring and summer, the spokesperson said.
He added that another possible measure is to increase the diesel sales rate on the stock exchange to 16 per cent.
The restriction would not apply to the countries in the Eurasian Economic Union, he added.
Previously, Russia introduced a ban on gasoline exports from September 21 to November 17, 2023, to stabilise the price situation in the domestic motor fuel market.
The ban was lifted after the domestic fuel market reached saturation, and a supply surplus was established.
(Xinhua/NAN)
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