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Russia ramps up seaborne imports of motor fuels by 18% in October, data shows

By Reuters News

Oct 29 (Reuters) - Seaborne imports of motor fuels to Russia rose by about 18% month-on-month in October to 430,000 metric tons, according to industry sources, LSEG data and Reuters calculations.

The main bulk of seaborne fuel imports into Russian ports this month consisted of gasoline supplied from India, Morocco and Turkey, traders said.

Moscow began importing fuel in August as it struggled with oil product shortages in several regions following Ukrainian drone strikes on key refineries.

Previously, Russia had introduced a range of measures to support the domestic fuel market, including rail imports of gasoline from Belarus and Kazakhstan and a fuel exports ban.

Russia will continue gasoline imports until at least year-end, Deputy Prime Minister Alexander Novak said.

Traders expect lower seaborne imports of oil products into Russia in the coming months amid increasing crude processing at domestic refineries and a seasonal decline in fuel demand.

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