Russia is considering a full ban on diesel fuel exports to combat domestic shortages exacerbated by Ukrainian air strikes. Deputy Prime Minister Alexander Novak stated the domestic fuel market is “difficult but under control,” and a ban is being studied alongside existing restrictions on gasoline and jet fuel exports. Efforts are underway to maximize refinery output and shorten planned maintenance schedules. Novak previously indicated a full diesel export ban wasn’t necessary, but has since shifted his position. Fuel distribution disruptions have been reported in specific regions and at certain gas stations, with over 20 Russian regions imposing purchase limits on gasoline and diesel in recent weeks. Average gasoline prices have risen by 6.6% since the beginning of the year. Rosneft’s CEO, Igor Sechin, has proposed mandating oil companies supply at least 30% of their production to domestic refineries to stabilize the market, and Russia is preparing to import gasoline by sea from Asian countries.
