Russia has modified its restrictions on the export of fuel, including removing prohibitions on high-sulfur diesel and fuel used as bunkering for some vessels.
According to Reuters, few days ago, Russia had implemented a temporary ban on the export of oil and diesel to all countries, with the exception of four, in an effort to stabilize its domestic market. The ban on all types of gasoline and high-quality diesel remains in place, with the lift regarding only high-sulfur diesel and fuel used as bunkering for some vessels.
In recent months, Reuters explains that Russia has experienced oil and diesel shortages. Wholesale gasoline costs have risen, but retail prices have been restricted to keep them in line with official inflation.
The shortage has been particularly acute in certain sections of Russia’s southern breadbasket, where gasoline is essential for harvesting. As a result, analysts expecting the latest measures to be short-lived and completely lifted once the harvest is over next month, Reuters notes.
