- Russia has received its first gasoline cargo from India as Ukrainian attacks knock out refining capacity and a second wave of fuel shortages spreads across at least 10 Russian regions, reported on Monday.
- Two more gasoline cargoes from India are expected to reach Russia in the coming weeks.
Russia has begun receiving gasoline from India as it grapples with significant fuel shortages across at least 10 regions, a situation exacerbated by Ukrainian attacks on its refining infrastructure.1
The first shipment, a 68,000-metric-ton cargo produced by Nayara Energy at its Vadinar refinery, was delivered to the Arctic port of Vitino following a ship-to-ship transfer at Port Said, Egypt.
Two additional cargoes from India are anticipated in the coming weeks, as Russia seeks to mitigate the impact of refinery outages that have severely limited domestic fuel availability.
The Orsk refinery, which processed 120,000 barrels per day, is among the latest casualties, remaining offline for up to six months after a Ukrainian strike on August 11.
As a result, filling stations in regions including Moscow have begun imposing sales restrictions or are running low on certain fuel grades.
Gasoline sales on the St. Petersburg exchange have plummeted by an average of 20% since early August, highlighting the growing crisis.
Previously, Russia had relied on gasoline imports from Belarus to fill domestic supply gaps, but the current situation has necessitated a shift to maritime imports from Asia.
The ongoing conflict and its repercussions on fuel supply chains continue to pose challenges for the Russian economy.
“Two more gasoline cargoes from India are expected to reach Russia in the coming weeks, as the country grapples with a second wave of fuel shortages. This situation follows significant damage to refining capacity due to ongoing Ukrainian attacks.”
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