Logo

Russia scraps fuel import duty but sees no need for imports for now, TV reports

Russian Deputy Prime Minister Alexander Novak said on Friday that Russia had scrapped a duty on fuel imports, but saw no immediate need for buying fuel from abroad, according to Rossiya 1 TV station.

Some Russian regions have been suffering gasoline shortages and the authorities were forced to limit the sales of the fuel following a series of Ukrainian drone strikes on oil refineries.

Novak also said that domestic demand for oil products has been declining.

“The situation is stable, domestic market is fully provided with oil products. The government has decided to nullify import duty,” he said.

Novak also mentioned that the Russian government has restricted exports of diesel for re-sellers and extended a gasoline exports ban, measures, he said, were aimed at providing additional fuel supplies to the domestic market.
Source: Reuters



Source

Related News

CMB.TECH continues fleet renewal push with $29m ve...

1 day ago

US extends Russian oil sanctions waiver for anothe...

1 day ago

Freight Market Report 19/05-2026 Presented By IC S...

2 days ago

Xi tells Trump China interested in buying more U.S...

3 days ago

Wheat Futures Fall from 2-Year High

3 days ago