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Belarus refineries hit decade high profits as Russia fuel crisis boosts flows
Belarusian shipments to Russia surged, with gasoline nearly 665,000 tons in the first seven months of 2026 and diesel about 418,000 tons, as Russian refining output fell to around 4 million barrels per day in August.
Belarusian oil refineries posted their highest profitability in a decade in 2026, according to the independent Pozirk news agency, as Russia’s refining crisis pushed record gasoline and diesel volumes across the border. In comments carried by OilPrice, Belneftekhim head Ilya Ikan said the results reflected favorable conditions in foreign markets, particularly in the eastern direction.
Pozirk and Reuters trade data show Belarusian gasoline shipments to Russia rose sharply over the first seven months of 2026, reaching nearly 665,000 tons, while diesel deliveries climbed to about 418,000 tons. Over the first six months, Pozirk reported gasoline shipments up 20-fold to 453,000 tons and diesel up fivefold to 256,000 tons.
The article also cites additions to Belarus’s ability to run refineries around the clock, noting that reserve capacity came online for continuous operations in June and July. It further reports that July saw 212,000 tons of gasoline shipped by rail, up 13% from June, and 162,000 tons of diesel, double June’s level.
On the demand side, Ukrainian drone strikes reduced Russian refining capacity, opening a shortage Belarus is filling, the article says. Russian refining output ran near 4 million barrels per day in August, down from a pre-crisis baseline of 5.3 million to 5.5 million barrels per day, a 25% to 30% shortfall, according to The Insider as cited.
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