Russia to Ban Gasoline Exports From April 1 Amid Global Oil Market Volatility

Russia plans to introduce a nationwide ban on gasoline exports starting April 1, following instructions from Deputy Prime Minister Alexander Novak to the energy ministry to prepare the necessary resolution. According to officials, the restrictions are expected to remain in place until July 31 and will apply to all market participants, expanding earlier limits that targeted only non-producers.

Fuel Supply Stability and Market Pressures

Authorities said crude oil processing volumes remain at levels similar to last year, helping maintain stable domestic fuel supply. However, ongoing turmoil in global oil markets linked to tensions in the Middle East has created significant price fluctuations. High international demand for Russian energy resources continues to influence supply decisions.

Domestic Shortages and Export Controls

Several regions in Russia previously reported gasoline shortages following refinery disruptions and seasonal demand spikes. The country exported nearly 5 million metric tons of gasoline last year, equal to about 117,000 barrels per day.

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