The Russian Government has lifted a temporary ban on the bulk of gasoline exports from producers, while extending restrictions for other exporters including independent traders and resellers until 31 January 2025, reported Reuters.

The initial ban was set to expire at the end of this year.

The ban does not apply to supplies to the Moscow-led Eurasian Economic Union or countries like Mongolia, which have inter-governmental fuel agreements with Russia.

A statement from the government, quoted by Reuters, said: "The decision was taken to maintain a stable situation in the domestic fuel market, support the economy of oil refining and counteract grey exports of motor gasoline."

The leading gasoline producers in Russia are Gazprom Neft's Omsk refinery, Lukoil's NORSI refinery in Nizhny Novgorod and Rosneft's Ryazan refinery.

In 2023, Russia produced 43.9mt of gasoline, exporting around 5.76mt, which accounts for approximately 13% of its production.

Major importers of Russian gasoline are African countries such as Nigeria, Libya, Tunisia and the UAE.

In February 2024, Russia announced a six-month ban on gasoline exports from 1 March 2024.

This measure was aimed at stabilising domestic prices in response to rising consumer and agricultural demand. It also sought to ensure smooth scheduled maintenance at the country’s refineries, reinforcing its position as the world’s second-largest oil exporter.

The export ban was extended until the end of the year in August, according to a report from Reuters released in November 2024.

The report added that the Russian Government was considering suspending the ban and preparing the necessary paperwork, although no specific time frame was provided.