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Kazakhstan to extend petroleum product export ban by six months

The expansion targets gasoline and diesel exports through May 22 next year, as officials respond to shortages and cross-border “gasoline tourism” tied to tensions involving Russia and the US-Iran conflict.

Reported · Written up by our desk · Energy

Kazakhstan plans to extend its ban on exporting petroleum products, including gasoline and diesel, for an additional six months, according to OilPrice. The restriction is set to run through May 22 of next year.

OilPrice said the policy shift comes as gasoline shortages tighten supplies in Russia and as the US-Iran conflict reignites concerns in the region. Kazakhstan has added new police checkpoints on almost 60 roads along its border with Russia to curb so-called “gasoline tourism.”

The article adds that Kazakhstan also introduced new rules at border checkpoints, limiting trucks and cars to one crossing per day. It cited reports that Russian vehicles have been flooding into Kazakhstan to obtain fuel, including illicitly importing small quantities back into Russia.

OilPrice reported that Kazakhstan’s ministry said it had been breaking up smuggling operations in recent days, with the total volume of intercepted fuel pegged at three tons after officials announced action on July 4. It also noted Tengri reporting that officials are working to identify cars with additional fuel tanks used for “gray” exports, after gasoline prices in Russia were about 40 percent higher than in Kazakhstan and rising.

Latest closeGasoline (RBOB) $2.820 ▼7.2%

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