Russia

Russia has sufficient fuel refining capacity — Deputy PM Novak

TASS English · 2026-07-10

AI SUMMARY

• What happened: Deputy Prime Minister Alexander Novak announced that Russia has sufficient fuel refining capacity and is fully supplied with fuel, despite recent panic buying that increased domestic demand by 20-30%. • Why it matters: The surge in demand has strained gas stations, and while Russia is currently exporting fuel, the logistics system may take time to adjust to the heightened domestic needs, especially after recent attacks on refineries that partially reduced production. • What to watch next: Monitor developments regarding Russia's fuel supply stability and any potential impacts on domestic fuel prices and availability, as well as the government's response to the increased demand and logistical challenges.

Russia has sufficient fuel refining capacity — Deputy PM Novak The official emphasized that the Russian market was fully supplied with fuelMOKSHINO /Tver Region/, July 10. /TASS/. Russia currently has sufficient fuel refining capacity, Deputy Prime Minister Alexander Novak told reporters. "It is clear that we have sufficient capacity. Overall, we are fully supplied, and we are even exporting," he said. Previously, the deputy prime minister told TASS that Russia had accumulated sufficient fuel volumes to supply the domestic market, but panic buying had led to a demand surge of approximately 20-30%. He noted that restructuring the system's logistics to meet these needs would take some time. Novak also stated that fuel production in Russia had been partially reduced as a result of attacks on refineries. In turn, domestic demand for fuel increased by about a third due to the buying rush, putting a strain on gas stations. 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Source: TASS English
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