Russia announces gasoline export ban starting April 1 to stabilise domestic fuel prices and prioritise local market supplies. Deputy Prime Minister Alexander Novak directed the Ministry of Energy to draft the resolution following a government meeting reviewing petroleum market conditions. The move aligns with President Vladimir Putin's objective of preventing domestic fuel prices from exceeding forecasted levels. Russia's oil refining rates remain consistent with March 2025 levels, ensuring stable domestic supply. Industry companies have confirmed sufficient gasoline and diesel reserves with high refinery capacity utilisation to meet internal demand. The decision comes amid global market turbulence from the West Asia conflict, though international demand for Russian energy remains strong.
