Russia may ban gasoline exports for a month to stabilize prices

8/2/2025 6:34

Russia's Federal Anti-Monopoly Service may initiate a one-month ban on gasoline exports by large producers in order to stabilise wholesale prices ahead of

the crop-sowing season, state news agency TASS reported on Friday.



But it quoted the service's deputy head, Vitaly Korolyov, as saying an export ban was only one of several possible solutions.



At the moment, major oil companies are allowed to export gasoline but traders and re-sellers are banned from doing so, under a measure originally implemented last March.



Korolyov said wholesale gasoline prices had been recovering lately, which he described as a correction after a long decline. But he said growth in retail prices did not exceed the general level of inflation.