... compared to 2023. Meanwhile, new oil refineries (ORs) have been launched in Africa, Latin America, and the Middle East, further increasing the supply of diesel against the backdrop of falling demand. Russia is one of the largest suppliers of diesel fuel on the global market. For Russian oil refineries, diesel is a key export product, with up to half of the country's diesel output historically sent abroad. After the closure of the European market—previously the primary consumer of Russian diesel—supplies were redirected to ...

... short term is challenging (some countries, such as Hungary, still heavily rely on gas from Gazprom under long-term contracts), building substantial reserves and diversifying sources has notably strengthened Europe’s position as winter approaches. Russian Fuel Market: Export Ban and Price Stabilization The internal market for petroleum products in Russia has faced tension this summer due to a sharp increase in gasoline and diesel fuel prices. In July, exchange prices for automotive gasoline on the St. Petersburg ...

... season) to secure high reserve levels for future winters. Additionally, politically, the EU is discussing potential new restrictions on the import of Russian gas, reflecting a desire to finally reduce dependence on supplies from the Russian Federation. Russian Fuel Market: Export Ban and Price Stabilization Measures The domestic market for petroleum products in Russia faced a tense situation this summer due to a rapid increase in gasoline and diesel fuel prices. In July, exchange prices for automotive gasoline on ...

... sustain the revenues of oil companies, partly compensating for their limitations in the domestic fuel market. Gas. The natural gas market follows its own trends. European gas prices stabilized in 2025 after crisis peaks in 2022, and domestic Russian prices remain comparatively low for end consumers due to state regulation. Therefore, the increase in gasoline prices ... ... affordable option for transportation is increasing. Some transport companies are switching to compressed natural gas to lower fuel expenses. In addition, gas and coal are the essence of energy generation, affecting electricity tariffs, which indirectly ...

... encouraging India to purchase Russian oil to stabilize the global market, only to criticize it for this practice now. National Interests Come First: India's key priority is ensuring affordable energy costs for the population and its economy. Purchasing Russian oil helps to curb rising fuel prices in the domestic market. The West Itself Traded with Russia: New Delhi reminds that EU countries still import gas, petrochemical products, fertilizers, and other resources from Russia, while the U.S. purchases specific categories of Russian goods (e.g., nuclear materials)....