Indian gasoline fails to ease Russia's fuel shortage
Gasoline imported by Russia from India to help cover a fuel shortage caused by Ukrainian strikes on refineries has not reached either retail gas station networks or the wholesale market, The Moscow Times reported on Aug. 16.
Russian refineries are bracing for a record low in August, with no respite expected until the close of 2026, according to recent reports. The fuel shortage, triggered by Ukrainian attacks on refineries, has left a substantial amount of Indian gasoline stuck at the port of Murmansk, unable to reach either retail or wholesale markets.
The Indian gasoline, supplied by Nayara Energy and owned by Rosneft, remains unsold despite being offered at double the wholesale price on the St. Petersburg International Mercantile Exchange. Importers blame logistical issues for the inactivity, citing the lengthy journey from Indian ports to Russia's Arctic region and the need for multiple tanker transfers.
Belarusian AI-92 gasoline, which sells for a comparable price to Indian gasoline, has been transported via rail to Russia in unprecedented quantities. Despite Russia's refining sector being set for a multiyear low, price caps and restrictions on individual purchases have been implemented in various regions.
Written by urgent.news from New Voice of Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
