Russia To Ban Gasoline Exports From April 1 To Prioritise Domestic Supply
The Government of Russia on Friday introduced a ban on gasoline exports beginning April 1, aiming to prioritise home provides and stabilise gas costs amid international market turbulence because of the ongoing battle in West Asia.
The announcement adopted a gathering chaired by Russian Deputy Prime Minister Alexander Novak to assessment the scenario within the home petroleum product market.
According to an announcement issued by the Government of the Russian Federation, Novak highlighted that the continued disaster in West Asia is inflicting important fluctuations in international oil and petroleum product costs, though demand for Russian vitality overseas stays robust.
During the assembly, specific emphasis was positioned on the target set by Russian President Vladimir Putin to forestall home gas costs from rising above forecasted ranges.
The Russian Ministry of Energy reported that oil refining charges stay in step with March 2025 ranges, making certain a secure home provide, and that trade corporations have adequate gasoline and diesel reserves together with excessive refinery capability utilisation to fulfill inner demand.
“Particular attention was paid to the objective set by the Russian President of preventing domestic fuel prices from rising above forecasts. The Ministry of Energy reported on the current situation in the domestic fuel market: oil refining rates remain at the March 2025 level, ensuring stable supplies of petroleum products. Industry companies confirmed the availability of sufficient gasoline and diesel fuel reserves, as well as high refinery capacity utilisation to meet domestic demand,” the assertion learn.
Following these discussions, Novak instructed the Ministry of Energy to draft a decision banning gasoline exports from April 1, 2026, to stabilise home costs and assure precedence provide to the native market.
“Following the meeting, Alexander Novak instructed the Ministry of Energy to prepare a draft resolution banning gasoline exports from April 1, 2026, in order to stabilise prices and ensure priority supplies to the domestic market,” the assertion added.
Earlier within the day, the Ministry of Petroleum and Natural Gas reiterated that India has adequate inventory of crude oil, petrol and diesel, whereas making certain an uninterrupted provide of LNG and LPG regardless of disruptions attributable to the continued West Asia battle.
Speaking at a joint inter-ministerial briefing, Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), mentioned the nation at the moment maintains satisfactory crude inventories, with gas provides secured for the following two months and added that refineries are working at full or above capability, and home LPG manufacturing has elevated by round 20 per cent.
Highlighting the influence of worldwide tensions, she famous that crude oil, LPG and LNG provides have been affected and worldwide costs have risen. However, the federal government has taken a number of calibrated measures to handle the scenario successfully and guarantee stability in home provide.
“As you all know, we are currently in a war-like situation, and due to the ongoing conflict in the Middle East, our supplies have been affected. Crude oil, LPG, and LNG have all been impacted. Crude prices have increased, and the prices of other products have also risen in international markets. However, the Government of India has taken several important decisions at multiple levels to effectively manage this situation. As of today, we have sufficient crude inventories, and supplies for the next two months have already been secured. The situation is comfortable with respect to LPG and PNG as well. Our refineries are operating at 100 per cent or even above capacity, and domestic LPG production has increased by 20 per cent,” Sharma mentioned.
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