Russia Extends Diesel Export Ban to Oct 31, Tightening Global Fuel Market

Russia's government extended its ban on diesel and other fuel exports for all producers through October 31, aiming to stabilize its domestic market during harvest season. This decision prolongs the period in which the global market must cope without Russian diesel shipments for another month. The extended ban is expected to maintain upward pressure on international crude oil prices. For Pakistan, sustained higher crude prices could increase the import bill, potentially impacting the USD/PKR exchange rate and local gold prices.

بحوالہ / Source: oilprice.com