Prices are skyrocketing: the Kremlin has stopped gasoline exports to save the domestic market
Фото: pixabay
The Russian government has announced a complete ban on gasoline exports for oil product companies until August 31, 2025. Previously, the restrictions only applied to traders, intermediaries, and oil depots, but now they have also covered direct producers.
This is reported by The Moscow Times.
The decision comes as gasoline prices have soared by up to 30% and are nearing historic highs. Russian officials argue the tightening of the ban is necessary to maintain stability in the domestic fuel market during periods of high seasonal demand and agricultural field work.
According to the exchange, the price of 95th gasoline exceeded 73 thousand rubles per ton, almost breaking the record.
Russian Energy Minister Sergei Tsivliov admitted that the main reason for the shortage was the delay in repairs at oil refineries due to Western sanctions, which complicated the supply of gasoline to the domestic market.
As a reminder, the Foreign Intelligence Service of Ukraine stated that in Russia, gasoline prices have increased by more than 25% since the beginning of 2025. The Kremlin is considering a complete ban on fuel exports and reducing compensation to producers.
As reported, Russia has significantly reduced funding for science, industry, and innovation due to falling oil revenues and a budget deficit.
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