Russia's fuel market holding steady now, Deputy Prime Minister Alexander Novak confirmed. Country has enough reserves for domestic demand,he told President Vladimir Putin in recent meeting. "We have sufficient fuel on the market," Novak said, addressing supply concerns .
Logistics restructuring underway in fuel sector. Novak said it will take time to fully implement. Challenges acknowledged,but situation manageable. "The system’s logistics links are currently being restructured considering demand," he explained . Balanced approach needed.
Government has banned gasoline and jet fuel exports to handle summer's expected fuel consumption spike. Talks on extending ban to diesel exports continue. Part of broader strategy to keep supply stable for consumers.
Export restrictions aren't only step. Tax laws being revised to boost domestic fuel availability. Novak noted vertically integrated oil companies have increased production and supply. Maintenance at refineries postponed to maximize output.
Authorities aim to stabilize fuel market, focus on meeting demand and ensuring consumer access…
