Close Menu
    Facebook X (Twitter) Instagram
    Pro Magzine
    • Home
    • News
      • Top Stories
      • USA
    • Entertainment
      • Movies
      • Celebrity
      • Web series
      • Net worth
    • Business
    • Health
      • Fitness
      • Food & Drink
    • Lifestyle
      • Tattoos
      • Fashion
      • Love & Relationship
      • Messages
      • Sports
      • Travel
    • Tech
      • Internet
      • Gaming
      • SEO
      • Software
      • Tips
    • More
      • Trending
      • Crypto
      • Dogecoin
      • Pets
      • Real Estate
    Pro Magzine
    Home»Business»Russia Lifts Export Ban On Low-Quality Diesel

    Russia Lifts Export Ban On Low-Quality Diesel

    EmilyeBy EmilyeSeptember 25, 2023No Comments2 Mins Read
    Russia Lifts Export Ban On Low-Quality Diesel

    Russia Lifts Export Ban On Low-Quality Diesel. Russia modified its fuel export restrictions on Monday, lifting the temporary prohibition on low-quality diesel and marine fuel exports.

    Russia surprised the markets at the end of last week by announcing a temporary ban on exports of gasoline and diesel to stabilize fuel prices on the domestic market, putting an end to weeks of speculation that authorities would limit exports in the face of soaring prices and shortages caused by higher crude prices and a weak Russian ruble.

    Read more: Amazon is planning ad breaks for Prime Video.

    According to the Russian government, fuel already accepted for export by Transneft and Russian Railways before the suspension went into effect last week is also exempt from the restrictions.

    The export prohibition on all types of gasoline and diesel of higher quality remains in effect, according to a government document cited by Reuters.

    Before implementing the temporary restrictions, Russia increased the mandatory supply volumes of motor gasoline and diesel fuel to the commodity exchange to help alleviate the supply crisis.

    When announcing the export moratorium last Thursday, the Russian government stated, “The temporary restrictions will help increase fuel supply on the market, resulting in lower prices for consumers.”

    Russia has been contemplating a ban on fuel exports since May to prevent domestic fuel shortages and rein in prices following the announcement of a halving of oil refiner subsidies that will begin this month to finance its military operation in Ukraine.

    Reduced diesel exports from Russia would not only reduce Putin’s revenues but also restrict an already constrained global diesel market.

    Nevertheless, many analysts believe the temporary prohibition on fuel exports will be lifted within weeks.

    According to analysts, Russia has limited storage capacity, so when the harvest season ends and domestic supply increases, Russia may need more time to be prepared to close fuel processing capacities due to export restrictions.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Emilye

    Related Posts

    The Secret to Scaling: CRM by Rocket and the Future of Smart Business Management

    April 13, 2025

    How a Virtual Receptionist Service Can Save Your Business Time and Money

    April 3, 2025

    How to Purchase a BTS Property in the Second-Hand Market

    March 11, 2025
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Top Posts

    Edge AI Solution for Traffic Management with NVIDIA Jetson AGX Orin

    May 4, 20257 Views

    Soft Semiconductors: Designing for Flexibility Without Performance Trade-Offs

    April 29, 20258 Views

    The Complete Guide to Buying Central Vacuum Systems Online

    April 24, 202513 Views

    Reasons Why a Meditation Retreat in Malaysia Should Be Your Next Getaway

    April 14, 20257 Views

    The Secret to Scaling: CRM by Rocket and the Future of Smart Business Management

    April 13, 202516 Views

    Maximize Your Hunting Success with the Right Gear and Equipment

    April 3, 20255 Views

    Impact of New Tariffs on the Cosmetics Industry and How Innovative Solutions Address the Challenges

    April 3, 202541 Views

    AI-Driven Government Proposal Analytics: Turning Data Into Competitive Advantage

    April 3, 202516 Views

    How a Virtual Receptionist Service Can Save Your Business Time and Money

    April 3, 202513 Views

    The Ultimate Guide to Renting a Charter Bus: Everything You Need to Know Before You Book

    April 3, 20258 Views
    • Home
    • Privacy Policy
    • About Us
    • Disclaimer
    • Contact Us
    © 2025 Pro Magzine. Designed by GP.

    Type above and press Enter to search. Press Esc to cancel.