Novak allowed liberalization of fuel exports
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If necessary, the authorities can liberalize the export of petroleum products, Deputy Prime Minister Alexander Novak said on Rossiya-1.
Novak noted that in Russia it is impossible to allow overstocking and a reduction in processing at oil refineries.
“Therefore, if necessary, exports will be liberalized. But the previously taken measures, which came into force on October 6, will ensure the preservation of the required volume of supplies to the domestic market,” emphasized he (quote from TASS).
On September 21, the Russian government introduced a complete indefinite (“until the situation stabilizes”) ban on the export of diesel fuel and gasoline. But on October 6, additional measures were taken, including the lifting of restrictions on the export of diesel delivered to seaports by pipeline, provided that the company supplies at least 50% of the fuel produced to the domestic market. The decision was made to prevent overstocking of storage facilities, while the measure will allow maintaining the loading of the refinery, explained Novak.
In addition, the Cabinet of Ministers decided to restore the fuel damper, increase the share of diesel sales on the exchange from 9.5 to 12.5%, and class 5 gasoline from 13 to 15%, and also introduce a protective duty on petroleum products in the amount of 50,000 rubles . per ton for suppliers who buy products for resale.
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