Novak supported the Ministry of Energy's proposal to extend the ban on gasoline exports
The ban on gasoline exports will be extended throughout September for oil product producers, and until the end of October for non-producers, in order to maintain stability in the domestic fuel market during the period of high seasonal demand.
Deputy Prime Minister Alexander Novak supported the proposal of the Ministry of Energy to extend the ban on gasoline exports. This was reported by the Russian government on its Telegram channel following Novak's meeting with representatives of the oil industry.
It is planned to extend the ban on gasoline exports for the whole of September for oil product producers, and for non-producers - until the end of October. This is necessary, as stated in the report, to maintain a stable situation on the domestic fuel market during the period of high seasonal demand and agricultural field work.
At the same time, gasoline prices continue to rise. For example, according to the latest published data from Rosstat, on August 11, AI-92 gasoline cost an average of 58 rubles 23 kopecks per liter. This is an increase of more than 9% since the end of 2024.
The price of AI-95 gasoline on the exchange this week broke the record of September last year and exceeded 80 thousand rubles per ton. However, the price then fell, the Cabinet of Ministers noted.
One can be sure that the government will extend the complete ban on gasoline exports, says Dmitry Gusev, Deputy Chairman of the Supervisory Board of the Reliable Partner Association :
— I think we can be 100% sure that this measure will be implemented. The issue here is probably not so much about banning exports, but rather about stimulating production within the country in general, because our fiscal system, to put it mildly, is not set up to stimulate oil companies to refine. A significantly larger portion of taxes is taken at the stages of oil extraction from a well, and here the global moment that should be is the reconfiguration of the tax maneuver.
— If the export ban is planned to be extended, does that mean it has proven its effectiveness?
— If it didn’t work, they wouldn’t turn it on. We still have a certain reserve, some volumes of fuel that are exported outside of intergovernmental agreements. This is intended to increase the volume of supply on the domestic market. There is no need to consider this measure as an emergency stopcock or as a measure that will sharply reduce prices. All these measures do not concern the ordinary, normal consumer, both individuals and legal entities, who fill up at a gas station and their pricing is determined by the gas stations. Our gas stations strictly operate according to the inflation rate, and as long as inflation continues, unfortunately, we cannot do anything there. The only possible way to reduce the rate of price growth is to reduce the lending rate to 3-5%, and then everything will be fine. Unfortunately, our Central Bank thinks differently. From the point of view of wholesale prices, yes, of course, they will stop and maybe even fall, but we will probably only be able to talk about a global reduction in September. But there is nothing wrong with that, after all, the business of both refining and refuelling companies is calculated by the year, not by the month or day, so on average I think everything will be fine, everyone will be happy.
A complete ban on gasoline exports was introduced at the end of July and was planned to last until the end of August. Initially, the ban was in effect for non-oil producers, i.e. traders, oil depots and small refineries.
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