This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.rt.com/business/531632-russia-ban-exports-petrol-novak/

The article has changed 3 times. There is an RSS feed of changes available.

Version 1 Version 2
Russia may ban petrol exports if domestic prices keep rising – former energy minister Russia may ban petrol exports if domestic prices keep rising – former energy minister
(2 months later)
The Russian government is ready to take tough measures to keep a lid on domestic fuel prices, Deputy Prime Minister Alexander Novak said. This includes stopping exports of petrochemicals if the situation gets worse, he warned.The Russian government is ready to take tough measures to keep a lid on domestic fuel prices, Deputy Prime Minister Alexander Novak said. This includes stopping exports of petrochemicals if the situation gets worse, he warned.
The official clarified that the potential ban would impact traders, not the country’s crude producers.The official clarified that the potential ban would impact traders, not the country’s crude producers.
“We expect the market to improve in the near future,” the former energy minister said, highlighting the current downward trend in exchange prices.“We expect the market to improve in the near future,” the former energy minister said, highlighting the current downward trend in exchange prices.
Novak urged oil companies to assist with making the domestic oil market stable, adding that a steady increase in petroleum supply would help.Novak urged oil companies to assist with making the domestic oil market stable, adding that a steady increase in petroleum supply would help.
“We have already opted to raise the standards for the sale of petrol on the [domestic] commodities exchange to 12%. In particular, an increase in supply can be achieved due to the accumulated fuel reserves,” he said.“We have already opted to raise the standards for the sale of petrol on the [domestic] commodities exchange to 12%. In particular, an increase in supply can be achieved due to the accumulated fuel reserves,” he said.
In July, Russian Energy Minister Nikolai Shulginov said that the government is mulling the idea of imposing a ban on exports of petrol amid rising domestic fuel prices.In July, Russian Energy Minister Nikolai Shulginov said that the government is mulling the idea of imposing a ban on exports of petrol amid rising domestic fuel prices.
Petrol prices in Russia have been rising rapidly over the past months partially due to a boom in domestic tourism as coronavirus restrictions made international travel more difficult.Petrol prices in Russia have been rising rapidly over the past months partially due to a boom in domestic tourism as coronavirus restrictions made international travel more difficult.
For more stories on economy & finance visit RT's business sectionFor more stories on economy & finance visit RT's business section
Dear readers and commenters,
We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.
Sorry for the inconvenience, and looking forward to your future comments,
RT Team.