Russian Government Introduces Price and Supply Controls on Fuel Due to Gasoline Shortage

The Russian authorities are tightening control over the domestic oil products market due to a gasoline shortage caused by the shutdown of several oil refineries. A monitoring system for oil product supplies of at least 1 ton is planned, along with the winding down of the fuel exchange market. The new regulatory rules include reducing the share of exchange sales to 2-3% (down from 10% and 15% before the crisis), as well as state price regulation based on exchange indicators. The Ministry of Energy and the Federal Antimonopoly Service will determine the maximum prices for each region. Testing of the control system will begin in the Republic of Tuva. To replenish the market, sales of low environmental class gasoline are planned to be increased. Experts believe that administrative restrictions will not increase the physical supply of oil products and are aimed at curbing retail prices, which in some regions exceed 100-120 rubles per liter. In August 2026, 21 oil refineries were reported to be out of operation, and the average daily processing volumes have decreased to 3.8 million barrels.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.