Russia Faces Fuel Crisis, Imports Indian Gasoline and Downgrades Standards
Russia is experiencing a severe fuel crisis, leading to record-high gasoline prices, the import of gasoline from India via traders, and the authorization of sales for lower-grade 1990s-standard petrol.
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Russia allows sale of 1990s-standard petrol amid crisis
Russian Prime Minister Mikhail Mishustin has signed a decree permitting the circulation of Euro-3 standard petrol until the end of 2026.
By Volodymyr Tunik-Fryz
Read full article →Fuel-hit Russia bought gasoline produced by India’s Nayara via traders: Report
Russia is reportedly sourcing gasoline from India via international traders to counter fuel shortages stemming from Ukrainian attacks on its infrastructure. Nayara Energy, with a significant stake held by Russian oil giant Rosneft, is identified as a key supplier. While Indian officials state no direct sales, they acknowledge indirect sourcing through trading firms. This development follows reports of substantial gasoline shipments from India to Russia.
By TOI BUSINESS DESK
Read full article →Russia permits sale of downgraded gasoline as fuel crisis drags on
Russian Prime Minister Mikhail Mishustin has signed a decree authorizing the sale of Euro-3-grade gasoline through the end of 2026.
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