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Russia may ban gasoline exports for a month to stabilise prices, TASS reports
Published by Global Banking & Finance Review®
Posted on February 7, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 7, 2025
1 min readLast updated: January 26, 2026
Russia may impose a one-month gasoline export ban to stabilize prices before the crop-sowing season, with other solutions also considered.
MOSCOW (Reuters) - Russia's 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, state news agency TASS reported on Friday.
But it quoted the service's deputy head, Vitaly Korolyov, as saying an export ban was only one of several possible solutions.
At the moment, major oil companies are allowed to export gasoline but traders and re-sellers are banned from doing so, under a measure originally implemented last March.
Korolyov said wholesale gasoline prices had been recovering lately, which he described as a correction after a long decline. But he said growth in retail prices did not exceed the general level of inflation.
TASS quoted him as saying an alternative strategy to stabilise the wholesale market might be to create a forward market in order to partially reduce seasonal demand.
(Reporting by Reuters; Editing by Mark Trevelyan and Louise Heavens)
The article discusses Russia's potential gasoline export ban to stabilize prices.
Creating a forward market to reduce seasonal demand is an alternative strategy.
Currently, only major oil companies are allowed to export gasoline.
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