OREANDA-NEWS  Gasoline exports from Russia will be allowed in case of an excess of fuel on the domestic market. Russian Deputy Prime Minister Alexander Novak called such conditions for lifting export restrictions, RIA Novosti quoted him as saying.

On the sidelines of the Russian Energy Week (REN), a representative of the authorities said that the oil products market in the country is stable. Consumers are fully provided with the necessary volumes of gasoline and diesel fuel. However, it is too early to talk about the possibility of resuming supplies abroad.

"Exports are always allowed if there is an excess of petroleum products on the domestic market. For example, we do not have export bans on diesel fuel, because there is an excess of it. And it is sold both to the domestic market and for export. As for gasoline, first of all, why exports are now closed, the main task is to ensure the domestic market," he explained.

In the week from September 16 to 22, the price of gasoline on the St. Petersburg International Commodity Exchange (SPbMTSB) returned to growth. In three days, the Ai-92 grade has recovered more than half of last week's drop. Ai-92 rose to 61,064 rubles from 58,682 rubles per ton on Monday. Ai-95 increased in price from 66,579 rubles per ton to 68,602 rubles. At the same time, a week earlier, the cost of fuel was sharply decreasing, allowing it to move away from local and historical highs.

In recent weeks, gas stations in Russia have been losing money on the sale of AI-95 gasoline. Losses reached 1.57 rubles per liter. A year earlier, losses reached three rubles at their peak. In addition, with the help of sales of AI-92 gasoline and diesel fuel, refueling remains in the black — 3.79 and 5.59 rubles per liter, respectively. According to experts, oil companies need funds to compensate for the increase in costs due to forced refinery repairs, so prices will remain high. It is possible to get out of this situation only after the lifting of sanctions on the supply of equipment.