Russia has extended its ban on diesel exports for fuel producers until the end of October, the government has said, adding further strain to a global energy market already rattled by ongoing conflicts and supply shortages, Reuters reports.
Global fuel shortages and sharp price increases have been in focus, especially in the United States, where diesel prices have shot to records over $6.50 a gallon as the wars in Iran and Ukraine constrain deliveries of fuel, a political risk for US President Donald Trump ahead of the midterm elections.
The price of diesel at the pump in the United Kingdom has hit record highs due to the US-Israeli war on Iran, motoring body RAC said on Monday.
Russia has repeatedly imposed curbs on gasoline and diesel exports to rein in rising fuel prices and tackle shortages triggered by Ukrainian drone attacks on oil refineries.
