Russia extends diesel export ban until end of October
The government is trying to stabilize domestic fuel supplies as gasoline prices have risen 21% this year, officials said.
48 Articles
48 Articles
Russia extended the export ban of diesel to producers until the end of October, with global fuel shortages and high prices, with the price of diesel in America exceeding $6.50 per gallon.
The Russian government has extended its ban on diesel exports by one month until October 31st in an effort to maintain stability in the domestic fuel market. The decision comes after a severe capacity shortage caused by Ukrainian drone attacks on Russian refineries, which is causing increasing domestic supply problems. The move further tightens the supply of diesel in an already tight global market, particularly in Europe, where diesel refinery …
RUSSIA has extended the ban on diesel exports until the end of October to supply the domestic market.
Moscow maintains the "brake" on diesel exports, extending restrictions imposed on fuel producers
The high price of diesel is already causing the displeasure of the US President, and the situation remains tense. After all, Russia, the world's second largest diesel exporter, is suffering massively from Ukrainian attacks. Again, the Kremlin is resorting to an old means.
The Russian government approved Wednesday the extension of the ban on the export of diesel by the end of October, which will put even more pressure on a global energy market already destabilised by the conflicts in Iran and Ukraine, as well as the supply deficit.
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