By first BUYING FROM RUSSIA and reselling it, India has become Europe's TOP REFINED FUEL SUPPLIER, Overtaking Saudi Arabia!

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New Delhi: India, a member of BRICS, has become Europe’s top supplier of refined fuel, overtaking Saudi Arabia, reported by trade intelligence firm Kpler.

In light of new Western sanctions on Russian oil, Europe’s refined oil imports from India are expected to exceed 360,000 barrels per day, significantly altering global energy trade routes.

Saudi Arabia is among the world's leading oil producers and has maintained a dominant position in the oil trade for decades.

However, with Russia's exit from the European market, the continent is seeking new alternatives to secure its fuel supply.

Before the Russia-Ukraine conflict, Europe imported an average of 154,000 barrels of oil daily from Indian refiners.

This number rose to 200,000 barrels per day after the European Union implemented a ban on Russian oil on February 5. Kpler estimates that India's imports of Russian oil could exceed 2 million barrels per day by April next year, representing 44% of India's total oil imports, as reports suggest.

India emerging as a leading oil supplier

PM Modi has focused on bolstering relationships with European countries, positioning India as a dependable energy partner.

This includes active participation in bilateral talks aimed at improving energy trade.

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