Two people familiar with the matter said that Russia is preparing to extend the ban on diesel exports for one month, but if domestic supply improves, the ban may be lifted in mid-August. The current ban is in effect from July 8 to 31 as part of broader measures taken by Russia after Ukrainian drone attacks on refineries triggered fuel shortages and price spikes. Deputy Prime Minister Alexander Novak said last week that restrictions on gasoline exports will be extended until the end of the year, while the diesel ban will be lifted “as the market improves.”

Two people familiar with the matter said that Russia is preparing to extend the ban on diesel exports for one month, but if domestic supply improves, the ban may be lifted in mid-August. The current ban is in effect from July 8 to 31 as part of broader measures taken by Russia after Ukrainian drone attacks on refineries triggered fuel shortages and price spikes. Deputy Prime Minister Alexander Novak said last week that restrictions on gasoline exports will be extended until the end of the year, while the diesel ban will be lifted “as the market improves.”