Connect with us

World News

Russia Extends Ban On Gasoline Exports Till Year End

Published

on

Russia Extends Ban On Gasoline Exports Till Year End
Advertisements

The Russian government has extended its ban on gasoline exports until Dec. 31, the Cabinet of Ministers said in a Telegram statement Wednesday.

According to the statement, the decision was made to maintain a stable situation in the fuel market during the ongoing seasonal demand and scheduled repairs carried out at oil refineries.

ALSO READ: Nigeria, Equatorial Guinea To Sign Bilateral Agreements On Oil, Security

From March 1 to Aug. 31, Russia initially introduced a ban on the export of gasoline, to offset the growth in domestic demand in spring and summer.

The ban was temporarily lifted to prevent a reduction in oil refining t from mid-May to July 31 due to the saturation of the domestic market.

Facebook

Advertisements
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending News