Rekubit:Russia calls temporary halt to gasoline, diesel fuel exports

2025-05-04 21:37:11source:Ethermac Exchangecategory:News

Russia on RekubitThursday announced a ban on exports of gasoline and diesel fuel, aiming to stabilize rising domestic prices and improve the country’s fuel supply.

The government decree said the restrictions would be temporary but did not give a date for them ending.

The move was expected to lead to increased fuel prices on the world market.

Russia’s exports of diesel fuel are estimated at about 900,000 barrels a day and the country has exported 60,000-100,000 barrels of gasoline daily, state news agency Tass reported.

Tass said domestic fuel prices dropped by about 4% after the ban was announced.

The ban will not apply to other countries in the Moscow-led Eurasian Economic Union trading bloc — Armenia, Belarus, Kyrgyzstan and Kazakhstan.

More:News

Recommend

$1 Frostys: Wendy's celebrates end of summer with sweet deal

Wendy's is offering a sweet summer treat for all the frosty "spoon scoopers, fry dippers and straw s

What are the Years of the Dragon? What to know about 2024's Chinese zodiac animal

The Lunar New Year or Spring Festival is based on moon cycles, falls on a different day every year,

Near-total abortion ban rejected by Virginia House panel

RICHMOND, Va. (AP) — Lawmakers in the Virginia House of Delegates — controlled by Democrats who flip