+
India Emerges As Key Petrol Supplier To Russia
OIL & GAS

India Emerges As Key Petrol Supplier To Russia

India has emerged as a key supplier of petrol to Russia after Ukrainian drone attacks on refineries disrupted domestic fuel production, ship tracking and energy analytics data showed. Russia's seaborne gasoline imports rose to a record around 125,000 barrels per day in August, equivalent to a projected 470,000 tonnes (t) for the month, according to Vortexa. The surge prompted Moscow to seek foreign shipments as domestic output fell.

Indian refiners supplied as much as one million (mn) barrels of gasoline to Russia in the last two months, trade sources indicated, with much of the cargo linked to the Vadinar refinery in Gujarat operated by Nayara Energy, which is half owned by Rosneft. Since 2022 India has shifted a large share of its crude purchases towards Russia to secure feedstock for fuels such as petrol and diesel. The pivot has coincided with increased flows of refined product back to Russia.

India imported two point six mn barrels per day of Russian crude in June and July, up from a low of one mn barrels per day in February and accounting for more than half of the country’s crude imports. Some analysts said fuel exported to Russia may have been produced from Russian crude, reflecting tight refining balances and regional rerouting of cargoes. Turkey and Morocco also supplied gasoline to Russia in August as Moscow faced a widening mismatch between domestic supply and demand.

Vortexa reported that roughly 55 per cent, about 260,000 t, of Russia’s imported gasoline in August arrived on sanctioned tonnage and that around 40 per cent of shipments involved ship-to-ship transfers, many with automatic identification systems switched off. The firm recorded 32 attacks on Russian refineries in July and August, a pace that has exacerbated the supply crunch and left diesel exports constrained by bans and terminal disruptions. Moscow has extended export restrictions on gasoline and diesel into next year, which is likely to keep some product flows subject to tight controls.

India has emerged as a key supplier of petrol to Russia after Ukrainian drone attacks on refineries disrupted domestic fuel production, ship tracking and energy analytics data showed. Russia's seaborne gasoline imports rose to a record around 125,000 barrels per day in August, equivalent to a projected 470,000 tonnes (t) for the month, according to Vortexa. The surge prompted Moscow to seek foreign shipments as domestic output fell. Indian refiners supplied as much as one million (mn) barrels of gasoline to Russia in the last two months, trade sources indicated, with much of the cargo linked to the Vadinar refinery in Gujarat operated by Nayara Energy, which is half owned by Rosneft. Since 2022 India has shifted a large share of its crude purchases towards Russia to secure feedstock for fuels such as petrol and diesel. The pivot has coincided with increased flows of refined product back to Russia. India imported two point six mn barrels per day of Russian crude in June and July, up from a low of one mn barrels per day in February and accounting for more than half of the country’s crude imports. Some analysts said fuel exported to Russia may have been produced from Russian crude, reflecting tight refining balances and regional rerouting of cargoes. Turkey and Morocco also supplied gasoline to Russia in August as Moscow faced a widening mismatch between domestic supply and demand. Vortexa reported that roughly 55 per cent, about 260,000 t, of Russia’s imported gasoline in August arrived on sanctioned tonnage and that around 40 per cent of shipments involved ship-to-ship transfers, many with automatic identification systems switched off. The firm recorded 32 attacks on Russian refineries in July and August, a pace that has exacerbated the supply crunch and left diesel exports constrained by bans and terminal disruptions. Moscow has extended export restrictions on gasoline and diesel into next year, which is likely to keep some product flows subject to tight controls.

Related Stories

Gold Stories

Next Story
Real Estate

Mumbai Central Emerges as a New Luxury Residential Corridor

Mumbai Central is emerging as a growing premium residential micro-market in South Mumbai, supported by improved connectivity, new redevelopment projects and proximity to major business districts.Residential capital values in the area are currently estimated at around ₹50,000-₹85,000 per sq ft, compared with ₹85,000 to more than ₹1.5 lakh per sq ft in parts of Worli, according to market estimates cited by industry players. The area has also recorded annual appreciation of around 14-18 per cent, although transaction activity and pricing vary across projects and locations.The area's chang..

Next Story
Technology

Bridgestone India Opens New Select Store in Pune

Bridgestone India has opened a new Bridgestone Select Store at Hinjewadi Phata in Pune, strengthening its retail presence in the city and Maharashtra.The new outlet, Deepraj Tyres, is located at Hinjewadi Phata/Wakad Bridge. Designed as a one-stop destination for passenger vehicle owners, the store offers tyres, expert guidance and wheel care services supported by modern equipment.“Pune is an important market for Bridgestone. The opening of this Select Store in the city reflects our commitment to offering customers easy access to premium products and trusted services. Our focus is on buildin..

Next Story
Infrastructure Transport

VECV, Rosmerta Partner for Authorised Vehicle Scrapping in NCR

VE Commercial Vehicles (VECV) and Rosmerta Auto Recycling Pvt Ltd (RARPL) have entered into a strategic partnership to facilitate the authorised scrapping and recycling of end-of-life (ELV) commercial vehicles across the National Capital Region (NCR).The collaboration will provide Eicher Trucks and Buses dealers and customers with access to a structured, transparent and compliant vehicle scrapping process. It aims to help commercial vehicle owners retire ageing trucks and buses through authorised channels while supporting fleet renewal and responsible resource recovery.The partnership comes as..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code