... monitoring headquarters for the situation in the fuel and energy sector was held under the chairmanship of Deputy Prime Minister Alexander Novak, where a package of measures aimed at reducing price agitation was announced, including: Extension of the fuel export ban. The comprehensive export ban on gasoline and diesel imposed in early August has been extended until the end of September and applies to all producers, including vertically integrated oil companies. This measure aims to increase supply in the domestic market by those volumes that previously went abroad. Partial resumption of exports in October. It is planned that, upon stabilization, the largest oil refineries will be allowed to partially ...

... elimination of export duties on oil and petroleum products were supposed to be complemented by a reduction in excise taxes on gasoline and diesel. "However, fuel excises, on the contrary, increased, which became one of the reasons for the rally in the fuel market," he noted. Commenting on the possible timeline for lifting the export ban on gasoline, Tereshkin suggested it could happen in November. "To achieve the lifting of the export ban, companies will need to keep retail prices in check over the next three months," he added. The ban on the export of Russian gasoline was reinstated on August 1. It is expected to remain in effect during September and October. Meanwhile, the export ...

... perspective of Sergey Tereshkin, the CEO of the oil products marketplace Open Oil Market, the rise in exchange gasoline prices is linked to a reduction in subsidies for oil refineries. In May 2025, payments for the damping mechanism (compensation to oil companies from the budget for supplying fuel to the domestic market at prices below export levels) amounted to 42.5 billion rubles – 32% less than the previous month and 79% less than in May 2024. The reduction in subsidies leads to a decline in oil refining margins. In this situation, oil ...

... added in renewable energy, increasing its share in the global energy balance. Prospects for Investors and Market Participants in the Fuel and Energy Sector The culmination of news at this moment reflects a multifaceted and dynamic picture of the global fuel and energy sector. Geopolitical factors—from US sanctions pressure on leading Asian economies to changes in OPEC+ deal conditions—create heightened uncertainty for businesses, forcing traders and companies to quickly adapt to new conditions. However, fundamental market trends indicate a gradual restoration of balance: oil prices have stabilized at relatively comfortable levels for consumers, while producers' efforts prevent the market from sharp ...

... investors and market participants. The United States is intensifying sanctions against buyers of Russian oil, impacting the interests of major oil companies and international trade. Amid this geopolitical tension, global oil prices have decreased, while fuel companies assess production prospects under the OPEC+ agreement. Russia continues to impose restrictions on the export of refined oil products to maintain stability in the domestic fuel market. Meanwhile, Europe is ramping up gas reserves in preparation ...