March 19, 2024, 15:07

russia’s gasoline shortage nearing critical point

As of now, the gasoline shortage situation in russia is nearing a critical point. This, in particular, is evidenced by the ban on its export for almost six months.

Mykhailo Gonchar, President of the Centre for Global Studies Strategy XXI, made this statement during a briefing at Media Center Ukraine – Ukrinform.

“It’s impossible to say that when half of russian oil refineries are destroyed, the consequences will be fatal. But fatal consequences can occur even earlier. Because oil refining products are not abstract oil products. This is diesel, the most common product of oil refining, this is gasoline, then there is aviation fuel and fuel oil, etc. Note that russia has imposed a ban on the export of gasoline for almost half a year, until August 1, because the situation with gasoline is already close to critical. And if the strikes persist, it will reach a critical point,” he explained.

However, Mykhailo Gonchar noted that the situation with diesel fuel is different, as there is a lot of room for maneuver.

“If, for example, certain plants can’t produce the required volume of diesel for the market, then it may be sourced from other plants located in Ural region or in the Asian part of russia. But the situation with gasoline is different. This is why there has been a ban on the export of gasoline, as there may be a shortage. We are observing the domestic prices for gasoline in russia rising,” he added.

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