Russia Buying Gasoline From India To Tackle Shortages
Russia, whose refining capacity has come under significant strain in recent months, has started seaborne imports of gasoline from India (the same country it exports millions of barrels of oil to), Reuters reported citing industry sources, in an effort to mitigate fuel shortages triggered by Ukrainian attacks on its energy infrastructure.
Fuel shortages are being felt across Russia’s 11 time zones with rationing, long queues at filling stations and a record gasoline price increase, as a result of relentless Ukraine strikes on the country’s refineries.
On Tuesday, the Kremlin said that Russia was in contact with other countries and discussing imports of fuel at acceptable prices.
An industry source said at least 60,000 metric tons of gasoline have been dispatched from India to Russia.
Another source said that two tankers, with parcels of 30,000 to 40,000 tons each, have been sent.
A third source said that in total, Russia plans to import 400,000 tons of gasoline from various countries each month, including from neighboring Belarus, which has already been exporting fuel to Russia.
Gasoline consumption in Russia is at least 110,000 tons per day in summer, when demand for fuel is high.
It was not immediately clear which Indian refiner will [...] ONLY AVAILABLE IN PAID PLANS
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