India is expected to import 239,000 barrels of refined fuels from Russia in May, marking an 81% increase from April, as per data from Kpler.
Imports of dirty feedstocks like vacuum gasoil are projected to hit the highest level since at least 2017, with fuel oil shipments reaching a six-month peak.
The surge in imports follows maintenance at Reliance Industries Ltd.’s Jamnagar refinery, limiting domestic fuel output, prompting the need for external sources.
India's imports of Russian crude are also set to reach a 10-month high in May, rebounding after a 14-month low in February due to US sanctions disrupting the trade.