The Russian government has extended the regulation to reduce mandatory gasoline sales on exchanges to 10% until December 31, 2026, and the relative instruction has been signed, the government's press service said.
Russia's Federal Anti-monopoly Service (FAS) has suspended FAS Order No. 894/24 of November 22, 2024, until December 31, 2026, the FAS posted on the portal of public legal information.
Kazakhstan's Energy Ministry has drafted an order to extend the ban on gasoline exports from the country to all destinations, including member states of the Eurasian Economic Union (EAEU), for another six months - from November this year through May 2027.
Discussions with other countries on potential fuel imports was the main topics of Tuesday’s briefing by Kremlin Spokesman Dmitry Peskov.
U.S. President Donald Trump demands that companies engaged in retail gasoline sales in the United States immediately reduce prices and warns them of serious consequences otherwise.
Russia' Deputy Prime Minister Alexander Novak instructed officials to prepare a balanced action plan for fuel supply in its domestic market.
The situation in the domestic fuel market remains stable, with prices at gas stations of vertically integrated companies and most stations rising in line with inflation, Russian Deputy Prime Minister Alexander Novak said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
Russian Deputy Prime Minister Alexander Novak on Friday instructed the energy ministry to draft a resolution banning gasoline exports from April 1, the Russian government said.
China has limited the amount by which the country’s fuel costs can rise, the government announces, as oil prices have surged due to the Middle East war.
Azerbaijani gasoline is very popular in Armenia, Armenian Minister of Economy Gevorg Papoyan said.
Armenia's Prime Minister Nikol Pashinyan has acknowledged substantial gasoline price reductions in Armenia following Azerbaijani fuel imports.
Armenia expects gasoline and diesel prices to decline following an increase in petroleum imports from Azerbaijan, Armenian Minister of Economy Gevorg Papoyan said.
Purchasing Azerbaijani gasoline is very beneficial for Armenian citizens, Armenian Foreign Minister Ararat Mirzoyan said on Public Television.
The price cap was introduced as well
Currently, there is a temporary permit for the export of fuel in Russia. There are no plans to extend this permit in August. The FAS supports the idea of returning to the ban on gasoline exports from next month.
According to the decision of the Russian government, from March 1 until the end of summer, the export of gasoline from Russia is prohibited. An exception is made for the EAEU countries.
The Russian government made the decision to lift from November 17 the temporary ban on motor gasoline exports, introduced on September 21 as part of measures to stabilize the price situation on the domestic engine fuel market, the …
Prices for gasoline and diesel in the Russian Federation continue to rally, despite the measures implemented by the government to normalize the situation on the market
The Ministry of Energy of Kazakhstan is preparing an order, according to which, the prices of gasoline and diesel fuel for cars will be increased in the country from April 12. Such measures will be taken due to the difference in prices in Kazakhstan and neighboring countries, Acting Minister of Energy of the Republic of Kazakhstan Bolat Akchulakov said.
The oil and gas industry is very influential on the automotive sector. Globally, 99% or 1.4 billion cars that drive are conventional cars with internal combustion engines (ICE) that consume fuel. (Setiawan, 2021). However, along with the …
