India’s fuel exports to EU up 572% since Ukraine war
NEW DELHI: Export of refined products like jet fuel or diesel from India to the European Union has increased from 1.1 million barrels in January 2022 to 7.4 million barrels in April this year, according to the grouping’s chief diplomat Josep Borrell.
The 572% increase – albeit on a low base — in product exports coincides with rising import of Russian oil by India. The share of Russian crude in India’s oil imports has gone up from 1.7 million barrels to 63.3 million barrels since the conflict in Ukraine, the EU’s High Representative on Foreign Affairs and Security Policy said in a note on the groupings foreign service website.
“Put differently, before Russia’s invasion of Ukraine, the share of Russian oil in India’s overall oil import stood at 0.2%.
