Media reported that Indian refineries boosted diesel and jet fuel supplies to the European Union after Russian oil imports into the country hit record levels in the last fiscal year.
This came according to what Reuters reported yesterday, citing preliminary ship tracking data from Kpler and Vortexa. She pointed out that the European Union uses India as a “backdoor” in light of the sharp increase in New Delhi’s imports of Russian oil after the Union banned crude from Russia.
In the 2022-2023 fiscal year, Indian refineries bought between 970 and 981 thousand barrels of Russian oil per day, which represents more than a fifth of the country’s total imports, which ranged between 4.5 million and 4.6 million barrels per day, according to what the data showed.
The agency noted that the attractive price of a barrel of oil from Russia allowed Asian processing plants to boost production and sell oil products to the European Union at a competitive price.
According to Kpler, India supplied 154,000 barrels of diesel and jet fuel per day to the European Union before February 2022, and the data showed that volumes jumped to 200,000 barrels per day after the European Union imposed a ban on imports of Russian petroleum products.
This article was originally published by RT.