Russia is experiencing a significant gasoline shortage, with approximately 360 gas stations across the country closed due to supply disruptions. Reports from Kommersant and state media indicate that the crisis has been exacerbated by Ukrainian drone attacks, which have affected up to 20% of the nation"s refining capacity. The southern regions have been particularly impacted, with a 14% closure rate of gas stations, while occupied Crimea has seen nearly 50% of stations shut down. Central areas, including Moscow, Ryazan, and Nizhny Novgorod, are also facing closures.
Gasoline prices have increased by 7.2% year-to-date, surpassing the 4% inflation rate. Sales of A-92 gasoline have dropped by 21.7%, reaching two-year lows on exchanges. Production levels have decreased by 10%, leading to rationing at independent gas stations, which account for 40% of the market. High borrowing costs and extended export curbs until October have further complicated the situation. While officials have cited "seasonal demand" and maintenance as contributing factors, traders attribute the crisis primarily to strikes on key facilities, including the Volgograd and Ryazan refineries.
For more information on related coverage, see recent developments in Kenya.
