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
