Russia tightens gasoline exports for four months to prioritize the domestic market
⛽ Russia will ban gasoline exports from April 1 to July 31, 2026, and the key point is that this round applies to producers as well, instead of being limited to intermediaries as before. The move shows Moscow is choosing to keep more supply at home while global energy prices remain highly volatile.
🌍 With Russia’s gasoline exports in 2025 estimated at around 5 million tonnes, or nearly 117,000 barrels per day, the international market could lose a meaningful share of supply right in the peak consumption season. The direct impact therefore leans more toward gasoline prices and refining margins, rather than creating a major shock for crude oil itself.
🏭 The background behind this decision is also quite clear, as Russia has repeatedly used similar measures to contain domestic fuel prices, especially after localized shortages and pressure from attacks on refineries last year. This renewed restriction reflects a stronger priority on domestic stability over export expansion.
📈 In the short term, this is an additional supportive signal for refined fuel prices in global markets, especially in regions that had been absorbing Russian supply. For the broader energy market, the news reinforces how sensitive supply chains remain while geopolitical risks have yet to ease.