Ukraine's refinery attacks wipe out quarter of Russia's gasoline output, Reuters reports
Photo: Cars at a Rosneft gas station in Russia (Getty Imag
Problems in Russia's fuel market continue to mount, with new data pointing to a significant decline in production and shrinking exports, Reuters reports.
Industry sources said that gasoline production in Russia fell by about 25% last week compared with the average daily level recorded in June last year.
Reuters noted that amid fuel shortages and rising prices, Russian authorities are considering various measures to support the market. According to Reuters sources, one of the options under discussion is subsidizing imported fuel to cap prices.
According to market sources and data from LSEG, Russia's seaborne exports of petroleum products declined by roughly 15% in the first half of June compared with the first half of May. One of the reasons cited is unplanned repair work at oil refineries following repeated drone attacks.
At the same time, exports of diesel fuel and gasoil have remained relatively stable. In April, Russia increased seaborne shipments of these products by 8% compared with March, reaching around 3.25 million metric tons. Export volumes remained largely unchanged in May.
Brazil and Türkiye continue to be among the largest buyers of Russian diesel fuel.
Earlier, analysts at the Institute for the Study of War (ISW) reported that gasoline shortages and rising fuel prices were spreading to an increasing number of Russian regions.
According to the analysts, fuel supply problems had already been recorded in St. Petersburg, as well as the Voronezh, Tula, Tver and several other regions, where local authorities were forced to respond to supply disruptions and increased demand.
Overall, various fuel-related restrictions are now in place in more than 50 regions across Russia.
