Russia may partially lift its export ban on diesel if production exceeds domestic demand. Deputy Prime Minister Alexander Novak said this in an address to the upper house of parliament, monitored by Reuters.
“Today, the diesel market is balanced and supply is sufficient. If production exceeds domestic demand, we will consider partially reopening exports,” Novak said.
Russia extended the export ban on diesel until the end of October earlier this week. Novak also said that the situation remains strained following Ukrainian drone attacks on refineries, but that protective measures have reduced the damage and shortened repair times.
