Russia is considering the possibility of restricting the export of diesel and aviation fuel amid falling refinery performance due to intensified Ukrainian attacks. This was reported by Bloomberg, according to UNN.
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According to the agency, following a meeting with Russian Deputy Prime Minister Alexander Novak, Russian oil companies were recommended to reduce fuel sales to foreign markets. One source claims that the decision on a possible ban on the export of diesel and aviation fuel is already at an advanced stage, although the exact date for introducing the restrictions has not yet been determined.
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If the ban is implemented, it could increase pressure on the global petroleum products market, as Russia remains one of the largest exporters of diesel fuel, selling about 40% of its produced volumes abroad. According to the analytical company OilX, the average level of oil refining at Russian refineries in April fell to 4.69 million barrels per day – the lowest figure in over 16 years.
The Russian government stated that the priority remains ensuring the domestic market is supplied with fuel.
"It is necessary to continue constant monitoring of the situation in the domestic market of petroleum products to ensure coordination between federal agencies and companies, and, if necessary, to develop additional response measures in a timely manner,"
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