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OIL PRODUCTS: Russia Could Consider Diesel Export Ban if Prices Rise Sharply

OIL PRODUCTS

The Russian government may consider a ban on diesel exports if the fuel prices rise sharply, according to Kommersant sources.

  • A ban is unlikely in August but is more possible in autumn although there is no decision on the potential ban yet.
  • Any ban could impact both diesel producers and for traders buying third-party diesel.
  • Current conditions do not suggest a ban, but the government is sending signals to warn producers against further diesel price hikes, Kommersant reported.
  • Russia will reinstate its gasoline export ban in August while the Energy Ministry has proposed the ban be extended into Sep-Oct.

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