Russian to halt gasoline exports in May: official

28th April 2011, Comments 0 comments

Russia on Thursday announced it would not export any gasoline next month and direct all sales to the domestic market in a bid to curb a recent shortage.

"In May, the (Russian energy) companies are not going to export. All volumes will be delivered to the domestic market," news agencies quoted Deputy Energy Ministry Sergei Kudryashov as saying.

The move came after two dozen Russian regions this week reported major gasoline shortages, prompting a price rise that saw Prime Minister Vladimir Putin order officials to get to grips with the situation.

The head of Russia's largest private oil firm Lukoil on Thursday predicted a five- to seven-percent increase in the short-term price of gasoline.

© 2011 AFP

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