Indian authorities are planning to expand restrictions on diesel fuel and gasoline exports to ensure their availability in the domestic market. It has been reported Times of Indiaciting government sources.
It is noted that the restrictions can be extended after March 31.
“This measure may make it difficult for some Indian refineries, primarily private companies, to purchase Russian fuel for re-export to countries, including European countries that have stopped purchasing refined products from Russia due to the events in Ukraine,” the report said.
Earlier, Bloomberg reported that Russia is shipping crude oil by sea. healed Due to increased fuel oil imports by India towards the Pacific. 7 days until March 10, the Russian Federation recovered 40% of the losses it suffered in the previous weeks and increased exports to 3.33 million barrels per day.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.