Russia calls temporary halt to gas, diesel fuel exports to stabilise prices
Russia has announced a ban on exports of gasoline and diesel fuel, aiming to stabilise rising domestic prices and improve the country’s fuel supply.
The government decree issued on Thursday said the restrictions would be temporary but did not give a date for them ending.
The move was expected to lead to increased fuel prices in the world market.
Russia’s exports of diesel fuel are estimated at about 900,000 barrels a day and the country has exported 60,000-100,000 barrels of gasoline daily, state news agency Tass reported.
