Gasoline exports from Russia since the beginning of the year have grown by about 40 percent to nearly two million tons, Kommersant newspaper wrote, citing sources familiar with official data.
The newspaper pointed out that the data exceeds by 5% last year’s figures, and this comes despite the current naval embargo imposed by the European Union on Russian energy supplies and the price ceiling.
“Market participants increased gasoline exports by nearly 40 percent year-on-year to 1.8 million tons in three and a half months,” the paper said.
The newspaper’s report also indicated that Russia, which was the main supplier of diesel to Europe before the sanctions, reduced exports of the substance by 3% amid increasing shipments to the domestic market.
According to experts, overseas gasoline supplies are growing amid a surplus of commodities and high profit margins for exports. Experts added that the sanctions led to the spread of the practice of mixing gasoline with naphtha, allowing the sale of such a product at the maximum price ceiling.
This article was originally published by RT.