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The Times of India
The Times of India
Business
Bloomberg

India forced to ship in gasoline, diesel as shortages flare up

India Asia FGE New Delhi

NEW DELHI: Global energy markets that have thrown up plenty of anomalies in 2022 as flows get rerouted and prices jump just saw a fresh quirk: India, typically Asia’s leading gasoline and diesel exporter, has been forced to step up imports of the fuels.

Gasoline imports rose to about 13,000 barrels a day in the first half of June, a seven-month high, according to Vortexa Ltd. Diesel imports, meanwhile, are set to surge to the highest since February 2020 at about 48,000 barrels a day, tenders by Indian Oil Corp and Bharat Petroleum Corp, as well as Vortexa figures show.

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