President Vladimir Putin stated Monday that Russia's gasoline reserves stand at 1.7 million tons, nearly unchanged from last year. He noted that a total ban on gasoline exports has been imposed, and a similar ban on diesel exports is under discussion, while queues at gas stations continue and some fuel grades remain unavailable, according to Russian state media.
President Vladimir Putin on Monday addressed Russia's ongoing fuel supply difficulties, stating that gasoline reserves have remained nearly level with last year at 1.7 million tons, while a total ban on gasoline exports has already been imposed. A ban on diesel exports is reportedly under discussion.
Among Putin's additional remarks: the largest refineries are being utilized at full capacity, and previously accumulated fuel quantities have been introduced into the domestic market to mitigate shortages. Nonetheless, queues persist at gas stations, and some required gasoline grades are not always available.
The statement comes amid a deepening fuel crisis that The Zioneer has been tracking for weeks. As previously reported, fuel queues have spread to several regions, including Irkutsk, where private retailers stopped selling gasoline, and broad sale restrictions have been imposed in numerous areas, including Moscow and St. Petersburg. The shortages have been exacerbated by Ukrainian drone strikes on Russian oil refineries, which has doubled compared to last year, and led to Russia beginning to import fuel by sea and from neighboring countries.
It remains unclear whether the announced export ban will be sufficient to stabilize domestic supply, as the situation continues to evolve.
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