The Russian government has announced the extension of its temporary ban on gasoline exports until the end of 2024. This decision aims to maintain stability in the domestic market during a period of increased seasonal demand and scheduled refinery repairs.
In a statement released on the Telegram messaging app, the government emphasized the necessity of the ban to ensure sufficient fuel supply within the country. The move comes at a critical time when the Russian energy sector faces challenges due to heightened internal consumption and maintenance activities at key refineries.
The extension of the gasoline export ban is expected to have significant implications for international fuel markets, particularly in regions reliant on Russian gasoline exports. Market analysts are closely monitoring the situation to assess potential impacts on global fuel prices and supply chains.
(With input from agencies)
Reference(s):
cgtn.com
