finance
Russia Begins Seaborne Gasoline Imports From India to Ease Shortages
Russia has started receiving gasoline shipments from India by tanker after Ukrainian drone strikes damaged refineries and created fuel shortages. At least 60,000 metric tons have already been dispatched in two tankers. India simultaneously set a record for crude oil imports from Russia in June.
ZeroHedgeAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Russia has begun seaborne imports of gasoline from India to address fuel shortages triggered by Ukrainian drone strikes on its refineries, ZeroHedge reported citing industry sources. At least 60,000 metric tons have been dispatched in two tankers carrying 30,000 to 40,000 tons each. Russia plans to import 400,000 tons of gasoline per month from various countries, including Belarus.
Gasoline consumption in Russia reaches at least 110,000 tons per day during summer. Belarus raised rail deliveries to more than 70,000 tons in the first half of June, nearly triple the volume from the first half of May. On Tuesday the Kremlin stated that Russia is in contact with other countries and discussing fuel imports at acceptable prices.
President Vladimir Putin acknowledged on Sunday that Ukrainian drone strikes on oil refineries had triggered fuel shortages in some regions. Russia's parliament approved tax-code amendments last week that include subsidies on fuel imports pegged to Indian delivery costs and prices.
India received about 2.70 million barrels per day of crude oil from Russia in June, according to preliminary data from Kpler and LSEG.
Russian oil accounted for more than half of India's overall crude imports that month, up from 36.5 percent in May. Fuel shortages in Russia have produced rationing, long queues at filling stations, and a record increase in gasoline prices.
