The Russian government is ready to ease a ban on diesel exports in coming days, the daily Kommersant reported, citing unnamed sources, while Deputy Prime Minister Alexander Novak said the restrictions were working. Despite being one of the world’s top oil producers, Russia has suffered high domestic prices and shortages of gasoline and diesel in recent months as high export prices made it advantageous for refiners to sell their products abroad.
Kommersant reported the ban would be lifted only on pipeline exports of diesel, and that volumes may be subject to quotas to avoid surges in wholesale prices. The ban on gasoline exports will remain in force for now, it said. Read the latest news and market analysis from Pro Farmer.
