
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.
The period fantasy film Kanguva starring Surya in the lead hit the theatres on November 14, 2024.
The issue of the teaser of 'Pushpa 2' getting less than half the views a
The Reserve Bank of India (RBI) has announced the new monetary policy today. The Monetary Policy
Indian External Affairs Minister Dr. S. Jaishankar said in a statement on Friday that India will
North Korean dictator Kim Jong Un has ordered the country's military drills to be expanded and wa
Adipurush: Rumors running on social media about Adipurush, and makers issued a fraud alert
Adipurush, directed by Om Raut, is all set to hit the theaters this week. Ever since the teaser o
Dawood Ibrahim The news of the poisoning of underworld don Dawood Ibrahim, who was hiding in Paki
Why is International Harry Potter Day celebrated, know who started it?
Everyone remembers the Harry Potter film and TV series. It had many parts and each part
The dispute between Canada and India is increasing over the killing of Khalistani terrorist Harde
Cyclone Biparjoy moving towards the coasts of Gujarat had taken a very dangerous form. Because of