Russia extends diesel export ban through October amid global fuel crunch: What it means for world energy market
New Delhi, Sept. 30 -- Russia has prolonged restrictions on diesel exports by domestic fuel producers through the end of October, the government said on Wednesday, as tighter supplies add pressure to an already unsettled global energy market.
Moscow has introduced export restrictions on gasoline and diesel several times in recent years as it seeks to contain domestic fuel prices and address shortages. The measures have come amid disruptions to Russian refining capacity caused by Ukrainian drone strikes on oil refineries.
"The decision has been taken to support stability of the domestic fuel market, also taking into account higher demand for motor fuels during the harvesting season," the government stated on Wednesday.
In late August, M...
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