Novak: The Russian Ministry of Energy deems it appropriate not to lift the diesel export ban at this time

Novak said, in a statement to reporters on the sidelines of the Al-Sharq Economic Forum: “Our primary task is to prevent this from happening. If sufficient quantities of diesel are available and sufficient stocks are formed, we will naturally take a decision to lift the ban on exports. But currently, and given the general budget and the situation monitored by the Ministry, the Ministry of Energy deems it appropriate not to export.”

Last week, the Russian government extended the ban on the export of diesel fuel, marine fuel and oil gas to producers until September 30, 2026, as part of its efforts to maintain the stability of the local fuel market.

At the end of last July, Russian Deputy Prime Minister Alexander Novak announced that the local fuel market had begun to stabilize, with the easing of restrictions on fuel dispensing at service stations and the decline of waiting lines.

It is noteworthy that this summer, Russia witnessed disruptions in fuel supplies, due to changes in supply chains and logistics services, and Ukrainian attacks on Russian civilian facilities, including energy facilities.

In light of this, the Russian government has taken several measures to improve the situation, including banning the export of gasoline and diesel, and providing tax incentives to encourage fuel imports and increase domestic production.