Russian fuel shortages deepen as gasoline output drops 25% and pump prices hit 71.20 rubles per litre

Russia has been hit by large-scale Ukrainian drone attacks that severely damaged key refineries, triggering fuel shortages and rationing across multiple regions. In mid-June, gasoline output was down 25% year on year and diesel output fell 15%, while the national average gasoline price rose to 71.20 rubles per litre in the last week of June, marking the biggest one-week increase in 20 years. Jet fuel supplies also tightened, with prices at some airports jumping 64%. The disruption represents a supply shock to refining that has directly squeezed the domestic fuel market and, in turn, reinforced demand for crude processing and export premia.