India’s oil minister states refiners are not selling fuel directly to Russia but acknowledges trader supplies may reach the country.
India has denied directly exporting refined petroleum products to Russia but admitted that traders may be supplying fuel to the country. The statement follows reports that Russia imported at least 60,000 metric tons (510,000 barrels) of gasoline from India to address shortages caused by Ukrainian drone attacks on refineries.
Earlier this week, industry sources revealed initial shipments had begun, marking a shift in trade flows. Russia has faced fuel supply disruptions due to repeated attacks on its refining infrastructure, prompting efforts to secure alternative sources.
No immediate market reaction was reported, though the development highlights evolving energy trade dynamics amid geopolitical tensions.