Novak said there are no plans to introduce a ban on the export of jet fuel

Novak said there are no plans to introduce a ban on the export of jet fuel

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Russian Deputy Prime Minister Alexander Novak said that the authorities do not yet see the need to take prompt action in the fuel market and do not intend to introduce a ban on the export of jet fuel. Earlier, it was reported that government officials discussed this measure Interfax.

“We believe that there is no need to make any drastic decisions at this time. We are considering all possible measures,” Mr. Novak told reporters (quoted by TASS).

According to Alexander Novak, the government is studying the possibility of lifting the partial ban on fuel exports, including in case of overproduction, but so far no such decisions have been made. “We look at it every time at headquarters. If conditions arise for further liberalization, when there is nowhere to put the additional volumes produced, then such decisions can be made,” the Deputy Prime Minister emphasized.

October 20 Interfax reportedthat Alexander Novak instructed his subordinates to study the possibility of introducing a ban on the export of jet fuel in the Russian Federation. The agency noted that this measure could help provide the Russian market with winter diesel fuel. The Russian government has not officially confirmed the possibility of introducing such a ban.

From September 21, 2023, the Russian government introduced temporary restrictions on the export of gasoline and diesel. On October 6, a set of measures was adopted to ensure balance in the domestic petroleum products market. In particular, the ban on the export of diesel fuel was partially lifted. Companies were allowed to supply fuel abroad, but only through pipelines to seaports for producers and not more than half of the total output. In addition, from October 1, by government decision, the fuel damper was restored, lowered from September from 1 to 0.5.

Read more about government measures to create a surplus of petroleum products in the Kommersant article. “Fuel is concentrated”.

Alexander Kislov

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