India’s fuel exports to Russia hit a record 1.72 lakh tonnes
- India shipped a record 1,72,000 tonnes of fuel to Russia in August, more than seven times Russia’s previous monthly record.
- India accounted for about 70% of Russia’s record fuel imports, as Ukrainian strikes disrupted domestic refinery operations.
- Much of the fuel came from Nayara Energy’s Vadinar refinery, which is partly owned by Russian oil giant Rosneft and uses Russian crude.
- The surge highlights a reverse energy trade, with Russia importing refined fuel from India while remaining a major crude supplier to Indian refiners.
Source: moneycontrol.com
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