India has faced oil and gas shortage in recent months. Due to the conflict between America and Iran, there was interruption in the supply of crude oil, due to which the prices of petrol and diesel increased. As a result, India was looking to depend largely on cheap Russian oil. However, now there are reports that Russia itself is facing fuel shortage. This is not just speculation; The Russian President himself has accepted this position.
**Fuel shortage in Russia**
Russian President Vladimir Putin recently acknowledged that Ukraine’s continued drone and missile attacks have led to fuel shortages. Speaking on the issue, Putin said, “Russia’s focus now is on strengthening its air defense and, in particular, on ensuring that fuel supplies reach Crimea.” Putin further said, “Over the past few weeks, Ukraine has targeted a number of Russian oil refineries and fuel storage facilities. This has led to a shortage of petrol and diesel in many regions of Russia, leading to long lines at petrol stations. Ukraine has launched long-range attacks. Had proposed to stop, but Russia believes that Ukraine is making this demand because they are suffering more losses from Russia’s retaliatory attacks.
**Russia wants to occupy these areas**
Putin also said that Russia’s current objective is to completely capture the Donetsk, Luhansk, Kherson and Zaporizhia regions. Until this goal is achieved, Russia will not accept any peace agreement that is not in accordance with its terms. Furthermore, he expressed hope that US Representatives Steve Witkoff and Jared Kushner will resume talks soon. He also said that Belarus President Alexander Lukashenko could help in peace talks.
no agreement reached
During the conversation, Putin noted that a meeting with US President Donald Trump in Alaska last year had discussed possible ways to end the Ukraine war; However, no official agreement or document was signed.
How will the prices of petrol and diesel be reduced in India?
Although the ceasefire between Iran and UAE has now come into force, it is only for 60 days. As a result, after 60 days the situation may again be the same – a situation for which India had expected help from Russia. However, with Russia itself facing an oil shortage, there remains uncertainty over the future of petrol and diesel prices in India. If the situation does not improve, oil prices may rise.
