World News
Russia Extends Ban On Gasoline Exports Till Year End
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.
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