India bought the maximum crude oil from Russia in December 2022. Earlier this happened in October and November also. According to energy cargo tracker Vortexa, India bought an average of 1.19 million barrels of crude oil from Russia every day in December. A year before this, in December 2021, India used to buy only 36,255 barrels of oil per day from Russia. That is, the purchase of oil from Russia increased by about 32 times in a year.
Import of 25% crude oil from Russia
India now imports 25% of its oil requirement from Russia. Till March 2022, India used to buy only a very small part of its requirement from Russia. But from April the situation started changing. In October, Russia overtook Iraq and Saudi Arabia in terms of selling oil to India.
Increase due to the Russia-Ukraine war
The biggest reason for this increase is the Russia-Ukraine war. Actually, after the war America and European countries imposed sanctions on Russia. After which Russia started giving a discount on crude oil. India also took advantage of the opportunity and started buying large quantities of oil from Russia. Like India, China bought a large amount of crude oil from Russia during this period.
Oil purchases not less than the price cap
The G7 countries imposed a price cap on Russian crude oil in early December. Under this, oil could be bought from Russia only for $ 60 / barrel or less. This price cap has not had any impact on India's oil purchases from Russia. In December, for the first time, India bought more than one million barrels of oil per day from Russia. According to industry sources, India is getting Russian oil at a price lower than the price cap.
Samay Raina: 'It was very suffocating, friend..', Raina is trying to make his life normal after the IGL controversy; he partied with Apoorva
Famous comedian Samay Raina is now trying to make his life normal again after the controversy over his show 'India's Got Talent'. He is also ready to return to comedy again. Recently, he also
Delhi Rape case: The girl's education was ruined due to the brutality of the officer, and she was planning to commit suicide; That's why kept quiet for 2 years
From November 2020 to January 2021, the accused kept raping the girl by threatening her. Then she was studying in class nine. In late February 2021, she found out she was pregnant. Then his age was 14
War 2 Trailer: Hrithik Roshan's film shows a lot of action, audience's excitement is at its peak
Ever since the announcement of Hrithik Roshan, Jr NTR, and Kiara Advani's action thriller film 'War 2', there has been tremendous excitement among the audience. This movie is directed by Ayan
The next 72 hours will be heavy: Rain returns in Delhi-NCR, and clouds will rain heavily today; know IMD's update
Heavy rains are continuing in the country. Many incidents are happening due to rain. An accident happened in Delhi due to heavy rains in the past. Monsoon rains are returning once again. People will
USA Independence Day 2023: America's Independence Day is celebrated every year on July 4, this is how people celebrate
USA Independence Day 2023: America's Independence Day is celebrated every year on 4th July. This day is also known as the 4th of July. Actually, on July 4, 1776, the United States of America got
Stray Dog: Statistics related to stray dog bites and rabies in India; From China to Western countries, what are the rules?
After the decision given by the Supreme Court regarding stray dogs in Delhi-NCR, it is being discussed all over the country. From politicians to celebrities, everyone is commenting on the order of the
Team India: There is a delay in team selection for the Sri Lanka tour, is there no consensus on the captain?
The Indian team is to tour Sri Lanka for a limited-overs series later this month. The team has not been announced for this yet. It was believed that the Indian team would be selected on Wednesday, but
JPC: 'Information about Waqf property will have to be given on the website within six months', the bill was accepted with these changes
Among the 14 amendments accepted by the Joint Committee (JPC) of Parliament on the Waqf (Amendment) Bill, the Bill makes it mandatory for every waqf property registered under the existing law to
CM Yogi In Ayodhya: CM Yogi reached Ayodhya, visited Hanumangarhi; Conversation with Jagadguru Rambhadracharya
CM Yogi In Ayodhya: Uttar Pradesh Chief Minister Yogi Adityanath is on an Ayodhya tour today (Friday). CM Yogi visited Shri Ram Janmabhoomi Temple in Ayodhya and inspected the arrangements before the
PM Modi: Prime Minister Modi will visit Sikkim, will participate in the golden jubilee celebrations
Prime Minister Narendra Modi is coming to Sikkim on 29 May. He will participate in the program organized on the occasion of Sikkim's Golden Jubilee celebrations. Sikkim got the status of a state 50
