Russia Extends Gasoline Export Ban by One Month... Excluding Exports by Manufacturers

Oil Producers Excluded from Scope

The Russian government has extended the ban on gasoline exports until the end of January next year.

According to Sputnik News on the 30th (local time), the Russian government stated in a press release, "The temporary ban on gasoline exports, originally set to expire at the end of this year, will be extended until January 31 of next year," adding, "Supplies carried out by companies directly producing petroleum products are not subject to restrictions."

The Russian government explained, "This decision was made to maintain a stable domestic fuel market, support the refining economy, and respond to so-called 'gray exports' of automotive gasoline." Gray exports refer to exporting gasoline purchased at domestic market prices at higher prices abroad.

Since March 1, Russia has imposed a ban on gasoline exports to prevent domestic fuel shortages and price surges. This measure was temporarily lifted for about two months starting May 20, but has since been reinstated.

Countries that have fuel supply agreements with Russia, including former Soviet states belonging to the Eurasian Economic Union (EAEU) and Mongolia, are exempt from the gasoline export ban.