Russia to halt gasoline exports April to July — Global prices surge?
Margret Dianne Fermin Ipinost noong 2026-03-28 20:39:59
MOSCOW, March 28, 2026 — Russia will impose a temporary ban on gasoline exports starting April 1, 2026, in a bid to stabilize domestic fuel prices and secure supply for local consumers, the government announced Friday.
Deputy Prime Minister Alexander Novak confirmed that the measure will remain in effect until July 31, with the Ministry of Energy tasked to draft and enforce the resolution. “This decision is aimed at ensuring sufficient gasoline supply in the domestic market and preventing price hikes during the sowing season and summer driving period,” Novak said.
The move comes amid global energy market volatility, driven by the ongoing war in Iran and disruptions caused by Ukrainian strikes on Russian oil refineries. Analysts warn that the export ban could tighten international supply, pushing gasoline prices higher in Asia and Europe, where Russian fuel exports play a significant role.
Russia has previously introduced similar restrictions to address domestic shortages, but this latest ban is considered one of the most comprehensive, covering all gasoline exports for four months.
Local consumers are expected to benefit from more stable fuel prices, while international markets brace for further upward pressure on costs. Energy experts note that the ban could be lifted earlier if domestic conditions improve, but for now, the government is prioritizing internal stability over export revenues.
The announcement underscores Russia’s balancing act between maintaining domestic economic security and navigating the ripple effects of global energy disruptions.
