Fuel importers expect price increases

Following the EU sanctions on refinery technology, importers expect higher prices even in the event of a possible total loss of Russian oil products, but no bottlenecks. Russia exports eight to 10 million tons of petroleum products to Germany annually, mainly diesel and, to a lesser extent, heating oil, Hans Wenck, managing director of the Foreign Trade Association for Mineral Oil and Energy, told Europe.Table. „Balancing these volumes is not straightforward. What will not happen, however, is that service stations run dry,“ Wenck said.