At least one Indian cargo has already reached Russia.
“An Oman-flagged tanker loaded about 68,000 metric tons of
“The tanker discharged the cargo at Russia's Arctic port of Vitino in early August, shipping data showed. The gasoline is being transshipped at the port
Reuters’ sources said the gasoline is being transshipped at port for rail delivery to domestic buyers. Traders sold the fuel, produced by India’s Nayara Energy, which is 49% owned by Russia’s Rosneft, to Russian buyers.
Reuters also reported that the first gasoline shipment bought to cover the shortfall caused by Ukrainian strikes has not reached retail chains or the wholesale market. The fuel became stuck in the port of Murmansk and has remained on tankers because Russian oil companies have been unable to agree on a sale price.
Importers have offered to sell the Indian gasoline at roughly $1,770 per ton, or $1.31 per liter. That is roughly double wholesale prices on the St. Petersburg Mercantile Exchange, where, as of Aug. 13, AI