Russia extends ban on gasoline exports through October
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The Russian government has extended its ban on gasoline exports, TASS reported.
Full restrictions will remain in place through September 30. Beginning October 1, producers will be allowed to resume exports, while exporters without their own production facilities will regain that right on November 1.
The ban had originally been set to expire on August 31. It was first introduced in February for retailers and expanded in July to include producers.
Russia imposes gasoline export bans almost every year, typically during the peak of the agricultural season.
This summer, wholesale gasoline prices in Russia have climbed to record levels. Along with the usual seasonal pressures, the surge has been fueled by repeated Ukrainian strikes on energy infrastructure. Reuters has estimated that the attacks have disrupted 17 percent of Russia’s refining capacity.
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