Moscow. Russia has announced a ban on petrol exports starting April 1, set to last until July 31, according to Deputy Prime Minister Alexander Novak.
The government cited global oil market turmoil caused by the Middle East crisis and fluctuating prices as reasons for the move, while domestic crude processing remains stable.
Russia exported nearly 5 million metric tons of petrol last year, averaging about 117,000 barrels per day. The ban aims to manage fuel supply, curb price volatility, and address shortages in certain regions.
Authorities have emphasized that domestic markets will remain supplied during the export restriction.
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