Russia considering ban on diesel exports, Kommersant reports

The Russian government is considering a ban on diesel exports to combat rising domestic prices, with Kommersant sources suggesting that a decision has not yet been made. Russia, a leading seaborne exporter of diesel, is also restricting gasoline e...

Reuters
The Russian government is considering a ban on exports of diesel due to rising domestic prices, the Kommersant daily reported on Wednesday, citing several unnamed sources.

Russia is the world's top seaborne exporter of diesel just ahead of the United States.

Diesel is its top oil product export, at about 35 million metric tons annually, of which almost three-quarters is shipped via pipeline.


Russia suspended exports of diesel last autumn for around two weeks but resumed pipeline overseas supplies.

Russia is restricting exports of gasoline and is due to resume a ban on gasoline exports from August 1.

One of the sources cited by Kommersant said diesel exports could be banned if prices sharply rise, but there is no decision yet.
ADVERTISEMENT

The Russian energy ministry did not respond to a request for immediate comment.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Business › Russia considering ban on diesel exports, Kommersant reports
Text Size:AAA
Success
This article has been saved

*

+