Russia Bans Petrol Exports Until August 31

The Russian government has reintroduced a comprehensive ban on petrol exports, which will remain in force until August 31, 2025. The measure, formalised by Prime Minister Mikhail Mishustin on July 28, applies to all fuel producers, including those directly refining oil products.

According to official statements, the decision was made to ensure stability in the domestic fuel market during a period of heightened seasonal demand, especially linked to summer travel and agricultural work across the country.

The renewed embargo follows a sharp rise in domestic petrol prices. On July 24, the price of AI-95 petrol on the St Petersburg International Mercantile Exchange surged past 76,300 roubles ($932) per tonne, approaching the record levels seen in September 2023.

A Pattern of Temporary Restrictions

Russia has employed similar restrictions in recent years to curb domestic fuel inflation. The initial petrol export ban was introduced in March 2024 and was scheduled to last through August. However, the government temporarily lifted the measure in May, while continuing limited supplies to members of the Eurasian Economic Union (EAEU), as well as Uzbekistan and Mongolia, under international agreements.

Although the embargo was paused on 20 May until the end of June, this suspension was later extended by another month. Then, Deputy Prime Minister Alexander Novak announced the reintroduction of the ban from August 1, with its duration repeatedly revised in response to market conditions, eventually pushing the deadline into the following spring.

In a further move, Russian authorities extended the ban at the end of February for companies not directly involved in petrol production. This restriction, effective from 1 March to 31 August, forms part of the broader effort to stabilise supplies for domestic consumers.

Kursiv also reports that Saneg has completed the installation of an automated vapor recovery system at its oil storage sites in Karshi and Mubarek.