HomeBusinessIndia saved roughly $2.7 bn by importing discounted Russian oil in the...

India saved roughly $2.7 bn by importing discounted Russian oil in the first 9 months of this year

Published on

spot_img
India and Russia: friends for a reason, friends for a season | Lowy  Institute
  1. India saved about $2.7 billion by importing discounted Russian oil in the first nine months of this year.
  2. Discounted Russian oil allowed India to reduce imports from the Middle East.
  3. India imported 69.06 million metric tons of Russian oil during this period.
  4. The average price for Russian oil delivered to Indian refiners was $525.60 per ton.
  5. India’s savings compared to buying Iraqi oil amounted to $2.7 billion.
SourceReuters

Latest articles

KFC launches 1000th store, plans to create 1 lakh jobs across India

KFC inaugurated its 1000th store in India at DLF Cyber Hub, Gurugram, managed by...

Broking industry adds 2.8 million new investors in November

November witnessed an addition of around 2.8 million demat accounts, coinciding with escalated stock...

Tata Motors Opposes Tax Cut On EV Import Amid Tesla’s India Foray Plans

Tata Motors opposes lowering import taxes on electric vehicles (EVs) in India. Discussions with Indian...

Cash-Strapped Dunzo Fails To Pay November Salaries

Dunzo, a hyperlocal delivery platform, has encountered financial difficulties and reportedly failed to pay...

More like this

KFC launches 1000th store, plans to create 1 lakh jobs across India

KFC inaugurated its 1000th store in India at DLF Cyber Hub, Gurugram, managed by...

Broking industry adds 2.8 million new investors in November

November witnessed an addition of around 2.8 million demat accounts, coinciding with escalated stock...

Tata Motors Opposes Tax Cut On EV Import Amid Tesla’s India Foray Plans

Tata Motors opposes lowering import taxes on electric vehicles (EVs) in India. Discussions with Indian...