Diesel Price Rises by 6 Cents Due to Russian Export Ban and War in Iran
6 Articles
6 Articles
Russia last week completely banned diesel exports in an attempt to stabilize its domestic fuel market, which has been under intense pressure for months due to Ukrainian drone attacks on oil refineries and logistics infrastructure. Moscow is using this measure to increase the supply of the domestic market, and has also announced that Russia will start importing fuel from abroad in July.
The fuel also overtakes the much lower taxed E10. And prices continue to rise.
The Russian decision to suspend the export of diesel temporarily should affect the global market, in a scenario already pressured by the war in the Middle East, Petrobras said. In a note to Valor, the state states that, although it does not buy Russian diesel, it recognizes that the country is an important source of supply for Brazil, which is a liquid importer of fuel. The reduction of this supply tends to increase competition for the volumes a…
Pump prices continue to rise. As a result of the escalating conflict in the Middle East, oil prices have increased in recent days. Moscow's ban on diesel exports from Russia is also playing a role, says fuel expert Derk Foolen of consumer benefit platform UnitedConsumers.
Pump prices continue to rise. As a result of the escalating conflict in the Middle East, oil prices have increased in recent days. Moscow's ban on diesel exports from Russia is also playing a role, says fuel expert Derk Foolen of consumer benefit platform UnitedConsumers.
The fuel also overtakes the much lower taxed E10. And prices continue to rise.
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