Russia to Introduce Ban on Gasoline Exports from April 1, Govt Says Russian Deputy Prime Minister Alexander Novak has directed the energy ministry to prepare a resolution banning gasoline exports starting April 1, according to the Russian government. The state-run TASS news agency previously reported that the ban would remain in effect until July 31. Novak cited global oil and oil products market instability, driven by the Middle East crisis, as a key factor behind the decision. He noted that while price fluctuations persist, strong demand for Russian energy resources in international markets continues to support the economy. The government stated that crude oil processing volumes have remained consistent with last year’s levels, ensuring a stable supply of oil products. This has helped mitigate shortages, though several regions in Russia and areas under Russian control in Ukraine faced gasoline shortages last year. These shortages were attributed to increased attacks on Russian oil refineries by Ukraine and a seasonal rise in fuel demand. Russia has previously imposed restrictions on gasoline and diesel exports to control rising fuel prices and address supply issues. Industry sources estimate that the country exported nearly 5 million metric tons of gasoline last year, equivalent to about 117,000 barrels per day. The latest measures aim to further stabilize domestic fuel availability amid ongoing challenges in the global energy market. The decision reflects broader efforts to manage domestic energy supply while navigating external disruptions. Novak’s remarks highlight the tension between maintaining export revenues and ensuring sufficient fuel for domestic consumers.#alexander_novak #russian_deputy_prime_minister #russian_government #tass_news_agency #russian_energy_ministry
Russia To Ban Gasoline Exports From April 1 To Prioritise Domestic Supply The Russian government announced on Friday that it will implement a ban on gasoline exports starting April 1, 2026, to prioritize domestic supply and stabilize fuel prices. The decision comes amid global market instability caused by the ongoing conflict in West Asia, which has led to significant fluctuations in oil and petroleum product prices. The announcement was made following a meeting chaired by Russian Deputy Prime Minister Alexander Novak, who emphasized the need to address the challenges posed by the international crisis. Novak highlighted that while demand for Russian energy abroad remains strong, the current geopolitical tensions have disrupted global energy markets. The Russian government stated that the ban aims to ensure that domestic fuel prices do not exceed forecasted levels, a key objective set by President Vladimir Putin. According to the Ministry of Energy, oil refining rates have remained consistent with March 2025 levels, ensuring a stable supply of petroleum products. Industry companies have confirmed they hold sufficient reserves of gasoline and diesel, along with high refinery capacity utilization, to meet internal demand. The Ministry of Energy reported that domestic fuel markets are well-positioned to handle the ban, with refineries operating at full capacity and adequate stockpiles of essential fuels. Novak instructed the Ministry to draft a resolution formalizing the export ban, which will take effect on April 1, 2026. The measure is intended to protect domestic consumers from price volatility and ensure reliable fuel supply for local markets.#russia #vladimir_putin #west_asia #alexander_novak #ministry_of_energy
