Fuel costs drop in Russia ahead of temporary gasoline export freeze

Gasoline and diesel prices in Russia continued to fall on the Saint Petersburg International Mercantile Exchange, trading data confirmed.

AI-92 gasoline decreased 0.58% to 65,114 rubles per ton (around $800), while AI-95 fell 0.28% to 69,775 rubles (approximately $860). Summer diesel dropped 0.71% to 62,858 rubles per ton (about $770), and winter diesel declined 0.79% to 62,053 rubles (around $763), Caliber.Az reports, citing Russian media.

Fuel oil saw a significant decline of 7.52%, while liquefied hydrocarbon gases rose 2.58%. Aviation kerosene prices remained stable.

Amid these shifts, Russia’s Ministry of Energy announced it is preparing a draft decree to temporarily ban gasoline exports starting April 1, 2026. Sources indicate the restrictions could last until July 31 and would cover all market participants.

Currently, an export ban for traders is already in effect and will remain until the end of July, while partial restrictions for producers have been lifted.

By Vafa Guliyeva