Commentary for "Rossiyskaya Gazeta". The article “The Export Ban Slowed the Growth of Exchange Gasoline Prices” discusses the impact of the August 2024 ban on gasoline exports on the Russian fuel market. Despite the export restrictions, exchange prices for gasoline remain close to annual highs. The price increase is particularly notable for AI-95 gasoline, which is attributed to a mismatch between consumption patterns and exchange sales volumes....

... enhanced regulation: on August 14, under the chairmanship of Deputy Prime Minister Alexander Novak, a meeting of the monitoring task force for the FES took place, which resulted in a set of steps announced to quell price surges, including: Extension of the Fuel Export Ban. The complete ban on exporting automotive gasoline and diesel fuel, implemented in early August, has been extended until the end of September and is applied to all producers, including vertically integrated oil companies. This measure aims ...

... exports, which became effective on May 17. According to S&P Global Platts, Russia's maritime gasoline exports rose from 99,000 barrels per day (bpd) in May 2024 to 150,000 bpd in June, with gasoline's share in Russia's total maritime petroleum product exports increasing from 4% to 7%. While fuel oil and diesel continue to dominate Russian petroleum exports, the increased gasoline exports amidst production cuts heighten the risk of shortages in the domestic market. In spring and summer 2024, the Russian fuel market entered another phase ...

... imported fuel creates serious strain—governments are compelled to subsidize gasoline for the population to avoid social discontent. Meanwhile, in the Middle East and India, refineries are hitting records: local refineries focused on diesel and jet fuel exports are operating at maximum capacity, saturating the global market with oil products. On the other hand, structural changes in the industry—such as the closure of several outdated refineries in Western Europe and the U.S.—pose risks of local ...

... states), high prices for imported fuel create tension – authorities are forced to subsidize gasoline for the public to avoid social discontent. Meanwhile, in the Middle East and India, oil refining is hitting record highs: local refineries, focused on exporting diesel and jet fuel, are operating at maximum capacity, saturating the global market with products. On the other hand, structural changes in the sector – such as the closure of several outdated refineries in Western Europe and the U.S. (including conserving some capacities ...