Russia’s Deputy Prime Minister Alexander Novak. | Photo Credit: Reuters Russian Deputy Prime Minister Alexander Novak on Friday (March 27, 2026) instructed the Energy Ministry to draft a resolution banning gasoline exports from April 1, the Russian government said. The state-run TASS news agency earlier reported that the ban would remain in place until July 31. Mr. Novak said that turmoil in the global oil and oil products market, caused by the crisis in West Asia, is leading to significant price fluctuations. At the same time, the high demand for Russian energy resources in foreign markets remains a positive factor, he added. Crude oil processing volumes remain at last year’s level, ensuring a stable supply of oil products, the government said in a statement. Several regions in Russia and parts of Ukraine under Russian control were reporting gasoline shortages last year after Ukraine stepped up attacks on Russian oil refineries and amid a seasonal surge in fuel demand. Russia has repeatedly imposed curbs on gasoline and diesel exports to rein in rising fuel prices and tackle shortages. According to industry sources, the country exported nearly 5 million metric tons of gasoline last year, or about 117,000 barrels per day. Published – March 28, 2026 02:38 pm IST Share this: Click to share on WhatsApp (Opens in new window) WhatsApp Click to share on Facebook (Opens in new window) Facebook Click to share on Threads (Opens in new window) Threads Click to share on X (Opens in new window) X Click to share on Telegram (Opens in new window) Telegram Click to share on LinkedIn (Opens in new window) LinkedIn Click to share on Pinterest (Opens in new window) Pinterest Click to email a link to a friend (Opens in new window) Email More Click to print (Opens in new window) Print Click to share on Reddit (Opens in new window) Reddit Click to share on Tumblr (Opens in new window) Tumblr Click to share on Pocket (Opens in new window) Pocket Click to share on Mastodon (Opens in new window) Mastodon Click to share on Nextdoor (Opens in new window) Nextdoor Click to share on Bluesky (Opens in new window) Bluesky Like this:Like Loading... Post navigation Puducherry CM Rangasamy kicks off poll campaign, highlights crisis in INDIA bloc Watch: Jawhar Sircar speaks to The Hindu on SIR fall out in West Bengal The Hindu Interview