Russia lifts temporary ban on diesel exports

 

Russia lifted a temporary ban on diesel exports on Wednesday, saying the two-month restrictions had been successful in bringing down rising fuel prices on the domestic market.

Moscow suspended the export of diesel and gasoline products in September in a move that roiled global markets.

The energy ministry said it had taken measures to boost supplies inside Russia and bring down rising prices that were hitting drivers and businesses across the country.

On Wednesday, it said it was removing the restrictions after prices had dropped and domestic reserves had grown 14 percent to 3.2 million tonnes during the two months when exports were curtailed.

It follows the lifting last month of restrictions on Russia’s seaborne diesel exports, which make up the majority, and last week’s removal of a suspension on gasoline exports.

Russia’s top oil companies had in recent days called on the government to lift the restrictions.

Russian pump prices had surged over the summer, contributing to a rise in domestic inflation that has worried the Kremlin.

  • Related Posts

    Iran Closes Hormuz Again Over Israel Renewed Strikes On Lebanon

      Iran said it was once again closing the vital Strait of Hormuz shipping lane on Saturday over Israel’s attacks in Lebanon, calling them a violation of its deal with…

    Six dead, many stranded after multi-vehicle crash on Lagos-Ibadan expressway

        The Oyo state fire service says six persons lost their lives in a multiple-vehicle accident involving tankers, articulated trucks and cars at the Ibadan toll gate section of…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Bello Turji’s fighters undergoing weapons training in Sokoto – Report

    • By admin
    • June 21, 2026
    • 3 views
    Bello Turji’s fighters undergoing weapons training in Sokoto – Report

    INEC Declares APC’s Oyebanji Winner Of Ekiti Gov Election

    • By admin
    • June 21, 2026
    • 4 views
    INEC Declares APC’s Oyebanji Winner Of Ekiti Gov Election

    Iran Closes Hormuz Again Over Israel Renewed Strikes On Lebanon

    • By admin
    • June 20, 2026
    • 4 views
    Iran Closes Hormuz Again Over Israel Renewed Strikes On Lebanon

    Six dead, many stranded after multi-vehicle crash on Lagos-Ibadan expressway

    • By admin
    • June 20, 2026
    • 5 views
    Six dead, many stranded after multi-vehicle crash on Lagos-Ibadan expressway

    Switzerland says US, Iran peace talks postponed

    • By admin
    • June 19, 2026
    • 11 views
    Switzerland says US, Iran peace talks postponed

    NDC disowns candidates’ list circulating on social media

    • By admin
    • June 19, 2026
    • 6 views
    NDC disowns candidates’ list circulating on social media