Russian Oil Product Exports Plummeted by a Third in a Month

In July, maritime exports of Russian oil products fell by approximately 33% to 3.9 million tons.
The decline is attributed not only to disruptions at refineries but also to a ban on the export of gasoline and diesel imposed by the authorities to stabilize the domestic market. Russia has effectively begun to retain more fuel within the country to curb shortages and rising prices.
This is more interesting than a typical report as it illustrates the economic response of the authorities: export revenues are temporarily sacrificed for the sake of stabilizing the gasoline market.
The news aligns with the average price of AI-95 in Moscow, St. Petersburg, Krasnodar, and Primorsky Krais, as well as Sverdlovsk and Novosibirsk Oblasts.



