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OIL: Russian government to discuss gasoline exports ban next week, sources say

OIL
BulletEnergy BulletsCommodities

Russian government to discuss gasoline exports ban next week, sources say: Reuters

  • Russian Deputy Prime Minister Alexander Novak will preside over a meeting of government officials and oil producers next week to discuss a possible ban on gasoline exports for fuel producers from March 1, three industry sources said.
  • One of the sources said the meeting may take place on Tuesday or Thursday.
  • Last week, news agency TASS reported that the Federal Anti-Monopoly Service may initiate a one-month ban on gasoline exports by large producers in order to stabilise wholesale prices ahead of the crop-sowing season.
  • At the moment, major oil companies are allowed to export gasoline but traders and resellers are banned from doing so, under a measure originally implemented last March.
  • The initial ban on gasoline exports was introduced in March last year to address a sharp rise in wholesale fuel prices and the risk of a shortage on the domestic market.
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Russian government to discuss gasoline exports ban next week, sources say: Reuters

  • Russian Deputy Prime Minister Alexander Novak will preside over a meeting of government officials and oil producers next week to discuss a possible ban on gasoline exports for fuel producers from March 1, three industry sources said.
  • One of the sources said the meeting may take place on Tuesday or Thursday.
  • Last week, news agency TASS reported that the Federal Anti-Monopoly Service may initiate a one-month ban on gasoline exports by large producers in order to stabilise wholesale prices ahead of the crop-sowing season.
  • At the moment, major oil companies are allowed to export gasoline but traders and resellers are banned from doing so, under a measure originally implemented last March.
  • The initial ban on gasoline exports was introduced in March last year to address a sharp rise in wholesale fuel prices and the risk of a shortage on the domestic market.