Russia’s fuel prices have surged to near-record highs amid a series of Ukrainian attacks on refineries. The attacks have caused breakdowns during the summer travel season, leading to higher demand for fuel and contributing to the price surge.
Russia, one of the world’s largest oil producers, has introduced a ban on fuel exports in an effort to control prices. However, this move appears to have had little effect. The two most popular fuel blends, AI-92 and AI-95, are trading at around $900 and $1,000 per tonne, close to their all-time highs.
The price surge is attributed to high seasonal demand for fuel, repairs at refineries, and new accidents caused by Ukrainian attacks on the oil depo. The Russian energy ministry has also cited “agricultural works” as a reason for the price rise.
The shortage of fuel is most acute in Russia’s south and far east, as well as in parts of Ukraine held by Russian troops. Local authorities have expressed concerns about the impact on transportation and daily life.
Source: https://www.france24.com/en/live-news