Russia halts diesel exports amid shortages

Russia has introduced a ban on diesel exports as authorities seek to stabilise domestic fuel supplies following repeated Ukrainian drone attacks on oil refineries. Deputy Prime Minister Alexander Novak announced the measure at a televised government meeting chaired by President Vladimir Putin.

Officials said the drone strikes have triggered gasoline and diesel shortages, contributing to price spikes and long queues at petrol stations across many Russian regions. Novak stated that the fuel situation remains complex and acknowledged that conditions at filling stations are causing concern among the public.

The export ban is framed as part of a broader package of measures to support the domestic fuel market. By prioritising supplies at home, the government aims to alleviate shortages that have forced drivers in many regions to endure hours‑long waits to refuel.

Authorities have highlighted the need to increase supplies available to the domestic market, with the export restriction presented as a key tool for easing immediate pressure. The policy underscores the government’s focus on addressing visible disruptions at filling stations.

The halt to Russian diesel exports has significant implications for global fuel markets, as Russia is a major supplier. The reduction in outbound volumes tightens already strained diesel availability and adds to existing supply risks in the international energy system.

Global benchmark diesel prices surged sharply following the announcement, reflecting concerns over reduced supply. The move is expected to push up costs for diesel‑intensive industries and consumers, particularly in Europe, which is highly exposed to changes in seaborne diesel flows.

The timing of Russia’s export ban coincides with other global supply uncertainties, including tensions affecting key shipping routes. These overlapping risks heighten sensitivity to any disruption in diesel flows and contribute to volatility in fuel prices.

For importing countries, the sudden loss of Russian diesel exports increases the challenge of securing adequate volumes from alternative suppliers. The ban reinforces concerns about a growing diesel supply crunch, with potential knock‑on effects for transportation, manufacturing and broader economic activity.