Strikes by Ukrainian defense forces have halted operations at major oil refineries in Russia, according to reports. This disruption has particularly affected the Omsk Refinery, the country’s largest, which ceased operations in early July.
During the summer peak consumption period, gasoline demand in Russia is estimated at approximately 115,000 to 120,000 tons per day. However, refineries are currently producing 40,000 to 45,000 tons less, resulting in a shortfall of about 35%. This marks an increase from the June shortage, which was around 25%.
Sources indicate that the situation in the Russian fuel market may improve in late July, provided there are no further attacks on refineries.
Context
- Illegitimate President Vladimir Putin acknowledged on June 29 that Ukrainian drone strikes on refineries have resulted in fuel shortages in several regions. However, he claimed that Russia is managing the situation. Reuters reports that the shortage has affected nearly all of Russia, with long lines at gas stations and record high gasoline prices. On June 30, the Kremlin announced plans to import petroleum products from abroad.
