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India poised for record Russian oil imports on dirty fuel surge

  • 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.

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