What’s forced Russia to import 1 million barrels in 2 months from India
Russia’s seaborne gasoline imports climbed to a record level of around 125,000 barrels per day (kbd) in August, which would amount to about 470,000 tonnes for the month. Reports suggest that Indian refiners supplied as much as 1 million barrels of gasoline to Russia over the past two months.
In just two months, Russia has turned to India for a record 1 million barrels of gasoline, as the country's refineries struggled to produce fuel following Ukrainian drone strikes. This surprising shift comes as Russia, a top oil exporter, saw its gas production drop by up to 70% due to the attacks. Indian refiners, particularly in Gujarat, supplied the gasoline, with Nayara Energy, half-owned by Russia's Rosneft, playing a key role.
India's crude imports from Russia soared to over 2.6 million barrels per day in June and July, with Russian oil accounting for half of India's total imports during that period. The situation reflects the growing dependence of nations on one another during times of crisis, as Russia and India navigate the complex web of sanctions, tariffs, and geopolitical tensions.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
