Russia restricts gasoline, diesel fuel exports until stable market

MOSCOW, Sep 21 (PRIME) -- The Russian government has restricted gasoline and diesel fuel exports until the domestic market stabilizes, according to a statement released on Thursday.

"The government has temporarily restricted exports of gasoline and diesel fuel for stabilization of the national market," the government said. A corresponding order was signed by Prime Minister Mikhail Mishustin. According to the statement, the restrictions will cut the prices for consumers.

Fuel prices reached and remained near record levels for several months earlier in the year. The Energy Ministry said it submitted a draft order allowing only oil product makers to export the goods.

The ministry also said that the restrictions are temporary and aimed at preventing grey exports.

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