Russia May Lift Diesel Ban If Overproduction Occurs

Russia announced it might consider partially lifting its diesel export ban if domestic production exceeds demand. Deputy Prime Minister Alexander Novak noted the local market remains balanced while officials monitor global energy supplies.

An employee holds a diesel fuel pump nozzle at a petrol station of Neftmagistral company in Moscow, Russia, September 8, 2023. REUTERS/Maxim Shemetov

Russia will consider a partial lifting of diesel export restrictions if production exceeds domestic demand, Deputy Prime Minister Alexander Novak said on Thursday.

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