Russia turns to India for petrol imports as fuel shortages deepen

Marium Saqib
4 Min Read

Summary

  • Russia has begun importing petrol from India by sea as it struggles with growing fuel shortages caused by repeated Ukrainian attacks on its energy infrastructure.
  • According to industry sources, at least 60000 metric tons of petrol have already been shipped from India to Russia.
  • The combined support from India, Belarus, and Kazakhstan is expected to help Russia manage its fuel shortage while repairs continue at damaged energy facilities.
AI Generated Summary

Russia has begun importing petrol from India by sea as it struggles with growing fuel shortages caused by repeated Ukrainian attacks on its energy infrastructure. The move comes as supplies remain under pressure across the country, forcing officials to look abroad for additional fuel while demand continues to rise during the summer months.

According to industry sources, at least 60000 metric tons of petrol have already been shipped from India to Russia. Two fuel tankers carrying between 30000 and 40000 metric tons each have reportedly been dispatched. While the identity of the Indian supplier has not been confirmed, the shipments mark a significant step in Russia’s efforts to ease pressure on its domestic fuel market.

The shortage has affected many parts of Russia, leading to long queues at petrol stations, fuel rationing in some regions, and a sharp rise in petrol prices. The situation has become more difficult after Ukrainian drone attacks damaged several Russian oil refineries, reducing the country’s ability to produce enough fuel. The Kremlin has acknowledged the problem and confirmed that it is holding talks with several countries to secure fuel imports at reasonable prices.

Russian President Vladimir Putin recently admitted that attacks on oil facilities had disrupted fuel supplies in some areas. However, he insisted that the government was taking measures to stabilize the market and ensure enough fuel is available for consumers and businesses.

Industry officials say Russia plans to import around 400000 metric tons of petrol every month from several countries. Along with India, neighboring Belarus has already increased its fuel exports to Russia. Petrol consumption in Russia reaches more than 110000 metric tons each day during the summer season when travel and transport activity are at their highest levels. The additional imports are expected to help reduce pressure on domestic supplies until refinery production improves.

Russia has also introduced new economic measures to deal with the crisis. Lawmakers recently approved changes to the country’s tax system that include subsidies for imported fuel. These incentives are designed to lower import costs and encourage a steady flow of petrol into the country while domestic production remains affected.

The growing energy trade between India and Russia comes as India continues to buy large volumes of Russian crude oil. Recent shipping data shows India’s imports of Russian oil reached a record level in June. More than half of India’s total crude oil imports during the month came from Russia, compared with just over one third in May. Indian refiners increased purchases to reduce the impact of supply disruptions affecting other global oil routes.

Meanwhile, Kazakhstan has also agreed to provide support by supplying 50000 metric tons of petrol to Russia during July and August. Industry sources said the fuel will come from the Pavlodar and Kondensat refineries and will include Ai 95 and Ai 92 petrol. Kazakhstan’s Energy Ministry said it had not received any official request from Russian state authorities for humanitarian fuel assistance. However, it noted that exports from the Kondensat refinery remain possible if domestic fuel supplies in Kazakhstan remain sufficient. The combined support from India, Belarus, and Kazakhstan is expected to help Russia manage its fuel shortage while repairs continue at damaged energy facilities.

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