Novak: ban on gasoline export is one of measures to stabilize market

The ban on the export of certain types of petroleum products is one of the measures for stabilizing the market. This was in an interview with Izvestia was stated by Russian Deputy Prime Minister Alexander Novak.

“At the current moment, given the growth of demand that is expected during spring and summer, the need to ban export is caused by the fact that this measure should increase efficiency and put additional volumes of products, namely automobile gasoline, on the domestic market to ensure market balancing “, – he said.

According to him, this is an absolutely normal situation, this measure is used for this.

Novak noted that if the market is saturated and excess oil, the ban on export will be canceled. Currently, such a measure is “due to the balance of supply and demand,” he said.