PHOTO: ALAIN JOCARD / AFP VIA GETTY IMAGES
According to sources cited by Reuters, the situation worsened during the summer surge in fuel demand. The gasoline production shortfall is currently estimated at 40,000–45,000 metric tons per day—about 35% of market demand. By comparison, the shortage in June was approximately 25%.
Peak gasoline consumption in Russia during the summer is estimated at 115,000–120,000 metric tons per day.
Among the facilities whose operations were disrupted are the Nizhny Novgorod Oil Refinery (NORS), the Omsk Oil Refinery, and the Saratov Oil Refinery. NORS and the Omsk Oil Refinery are among the country’s largest gasoline producers.
Amid these disruptions, Russian authorities have taken measures to stabilize the domestic market. In particular, restrictions were imposed on exports of gasoline, diesel fuel, and jet fuel. Additional supply volumes are being partially covered by imports and accumulated reserves.
Fuel imports from Belarus reached record levels in June—up to 6,000 metric tons per day. In addition, maritime gasoline shipments from India continue.
Russian Deputy Prime Minister Alexander Novak stated that the situation on the fuel market is complex and “is causing concern among the public.”
Industry representatives expect a gradual improvement in the second half of July, provided there are no new attacks on oil refining facilities. They estimate that the resumption of production at idled plants and an increase in imports could ease pressure on the market.
