Russia is on the brink of deciding whether to extend its waiver on a partial ban of gasoline exports in July. The original ban, which started on March 1, aimed to prevent fuel shortages and control rising prices after Ukrainian drone attacks on refineries and technical outages. The restrictions, however, were temporarily lifted until June 30.
The export ban initially exempted countries within a Moscow-led economic union and nations with direct inter-governmental fuel supply agreements with Russia, such as Mongolia.
Discussions are ongoing about possibly restricting gasoline and diesel exports by resellers, according to one source, reserving export rights solely for refineries. Currently, resellers face high export duties.
Supporting the case for continued exports, Russian oil producer Lukoil recently restarted a crucial piece of oil processing equipment at its NORSI refinery, the fourth-largest in Russia. This facility had been offline since a drone attack in March, industry sources reported.
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