Russia, which supplies crude oil to the entire Asia, is currently facing a serious energy crisis. In such a situation, it has been forced to seek help from India. To meet its needs, Russia has started importing gasoline (petrol) from India.
Recently, the Ukrainian army carried out a massive air strike on Russia’s key energy infrastructure. It caused extensive damage. This has led to a sudden shortage of gasoline in the country. Meeting the daily demand has become a challenge. The energy crisis has increased in 11 time zones of Russia. Long lines of people have been seen at petrol pumps across the country. In addition, there has been a record increase in petrol prices. Russia is currently in talks with various countries to meet the demand for petrol, especially. The Kremlin says it is in talks with various countries to import oil at an affordable and acceptable price.
According to reports, Russia has started importing gasoline from India via sea route. India’s help is urgently needed to overcome the fuel crisis. According to reports, India has already supplied at least 60,000 metric tons of gasoline to Russia. Two tankers of 30,000 to 40,000 tons each have left India for Russia. The report shows that Russia is planning to import 400,000 tons of gasoline from different countries every month. This includes neighboring Belarus. It has already started exporting fuel to Russia.
Russia has a high demand for oil during hot days. During this time, the maximum daily demand goes up to 1.10 lakh tons. Russian President Vladimir Putin held an important meeting with his ministers and other officials last Sunday. He admitted that some regions are facing fuel shortages due to Ukrainian drone attacks on oil refineries. According to reports, neighboring Belarus is exporting gasoline by rail. Its oil supplies in Qun have tripled compared to the first half of May to more than 70,000 tons.
Russia’s parliament last week approved amendments to its tax code. The main aim of this was to deal with the fuel crisis caused by the Ukrainian drone attacks. It also proposed to provide subsidies on oil purchased from India. According to AAI and Kepler’s world tracking data, India’s crude oil imports from Russia reached a record high in June this year. This was because Indian companies bought large quantities of oil from Russia to relieve pressure due to the shutdown of the Hormuz system due to the Iran war. According to Keppler data, Russian oil accounted for more than half of India’s total imports in June, up from 36.5% in May.
