Russian Deputy Prime Minister Alexander Novak stated that a complete ban on gasoline and diesel exports is necessary to stabilize the domestic fuel market. Russia has already implemented a temporary ban on these exports until July 31.
Russia has banned diesel exports to stabilize its domestic market following Ukrainian drone attacks on refineries, which have caused gasoline shortages and price spikes. Meanwhile, Russian missile and drone attacks killed at least three in Kyiv and four in Odesa.
Russia has banned diesel exports until July 31 to address domestic shortages exacerbated by Ukrainian drone attacks. The move is expected to impact European diesel prices and global fuel markets.
Russia has banned diesel exports until July 31 to stabilize its domestic fuel market, following Ukrainian drone attacks on refineries that caused shortages and long queues at gas stations. The country plans to import fuel in July.
India has increased the windfall tax on diesel and aviation turbine fuel (ATF) exports for the fortnight starting June 16. The special additional excise duty on diesel is now Rs 14 per litre, and on ATF is Rs 12.5 per litre. The duty on petrol exports remains Rs 1.5 per litre.
Russia currently sees no need to ban diesel fuel exports, according to Deputy Prime Minister Alexander Novak. While such measures could be considered in the future if necessary, they are not required at this time. A temporary ban on gasoline exports is in effect until July 31, 2026, to stabilize domestic supply.
India's diesel exports shifted significantly in May, with Africa receiving over 80% of shipments as demand from Asia and Europe weakened amid geopolitical tensions.
In a statement, the Finance Ministry also announced that the road and infrastructure cess on diesel exports will be waived for the next fortnight starting May 1. Meanwhile, the export duty on petrol will continue to remain at zero.
