Russia's gasoline crisis has been a severe and ongoing issue, with Ukraine's drone strikes on oil refineries and infrastructure significantly impacting the country's fuel supply. The crisis has been particularly severe in European Russia, where the large refineries that supply densely populated regions, industrial centers, Moscow, and the country's south have been targeted. The strikes have caused a sharp decline in fuel production and exchange volumes, with the average daily trading volume for gasoline and diesel falling to 53% of its January level by June 2026. The crisis has also led to a significant increase in fuel prices, with the weighted average price rising to 146% of its January level. To address the crisis, Russia has begun importing gasoline from India and Belarus, but the restrictions have not let up, and the shortage is being felt more acutely, with prices continuing to climb and long lines at gas stations becoming the norm. The crisis has also raised questions about the reliability of Russia's energy infrastructure and the impact of sanctions on the country's ability to restore its refineries.
