Russia announces gasoline export ban starting April 1st amid Middle East tensions. The Russian government has decided to prioritize domestic fuel supplies and stabilize prices as the US-Iran conflict creates significant volatility in global energy markets. Deputy Prime Minister Alexander Novak stated that while international demand for Russian energy remains strong, the geopolitical crisis is causing substantial fluctuations in oil and petroleum product prices worldwide. The Ministry of Energy confirmed that domestic refining rates are stable, matching March 2025 levels, with industry companies maintaining sufficient reserves of gasoline and diesel to meet internal demand. President Putin's directive focuses on preventing domestic fuel prices from exceeding forecasted levels, prompting the export restriction.
Post from MarketNews_en
Log in to interact with content.