Fuel prices in Russia break records. The government introduces a new ban


The new restrictions, in force from September 1 to October 31, cover all exporters, regardless of whether they are producers. As stated in a message on the government profile on the Telegram website, The goal is to “maintain a stable situation on the domestic fuel market”.
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Fuel deficiencies in Russia. Fuel prices are breaking records
Ukrainian drone attacks have contributed to the crisis, which since the beginning of the year regularly hit Russian refineries and fuel warehouses. Significant damage to infrastructure translated into limitation of production capacity and disruption in supplies. Another factor is increased demand related to the tourist season, which increased the consumption of gasoline.
The most difficult situation occurs in the Russian Far East. In some regions, drivers stand in multi -kilometer queues for gas stations, and in places of fuel it begins completely.
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Despite the ban, the prices of gasoline in Russia are still rising. The most popular fuel species-AI-92 and AI-95-reached the level close to 80 thousand. rubles for a ton (approx. $ 718)which is one of the highest results in history, results from the data of the St. Petersburg commodity exchange.
Fuel crisis in Russia. Experts: The ban will not solve the problem
Experts warn that the ban on exports will not solve the problem. The volume of gasoline sent abroad is small compared to domestic consumptionSo, redirecting it to the internal market will have a limited impact.
Russia, which is one of the largest fuel producers in the world, sells gas mainly to Turkey and Egypt.
Limiting exports can hit its traditional recipients, but according to analysts, the Kremlin's priority remains an attempt to master internal economic tensions.




