Russia prolongs diesel and gasoline export ban

The Russian government announced the extension of the ban on diesel and gasoline exports until January 31, 2027, as part of measures to support the local fuel market after refineries were damaged due to Ukrainian drone attacks, which led to shortages and rising fuel prices. Diesel is one of the most widely consumed petroleum products globally, and its disruption affects vital sectors such as transportation and industry. Russia relies on exports as a primary source of income after the United States, making an export halt susceptible to causing fluctuations in the global market. Although conditions have improved in some areas, supplies still face challenges due to ongoing disruptions.

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