finance
Moscow Fuel Stations Limit Sales After Ukrainian Strikes Hit Refineries
Gasoline purchase limits have been imposed at stations in Moscow after Ukrainian drone strikes damaged two major refineries. Russian authorities have banned gasoline exports through July and lowered fuel quality standards to address shortages.
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Major fuel retailers in Moscow have begun limiting gasoline sales after Ukrainian drone strikes damaged two refineries that supply the capital. The strikes hit Gazprom Neft's Moscow refinery, which normally supplies up to 40 percent of the city's fuel, and Tatneft's Taneco refinery. Russian media reported that the outages removed roughly 600,000 barrels per day of refining capacity.
Russia has banned gasoline exports through the end of July.
Officials have also lowered fuel quality standards and redirected supplies to priority users. Fuel prices in Moscow have risen for five consecutive weeks at roughly twice the rate of inflation. Stations operated by Rosneft, Lukoil, and Tatneft have imposed purchase limits.
Russia continues to produce millions of barrels of crude oil daily. The shortages stem from damage to refining infrastructure rather than crude supply.
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