Moscow's new move influences fuel markets

The Russian government is studying the extension of the ban on diesel and gasoline exports to ensure the stability of supplies in the domestic market. The diesel ban, which is set to end on July 31, is expected to be extended for an additional month, and plans are underway to extend the gasoline ban for six months. This comes amid fears of a tightening global supply, especially as Russia's exports—its second-largest source of diesel—have declined due to reduced domestic shipments following Ukrainian attacks on energy infrastructure. The extension is anticipated to lead to a rise in global diesel prices, particularly given the ongoing limited supplies and increasing demand for fuel across various sectors.

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