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.
Another school in the country's capital Delhi has received a bomb threat. After receiving the thr
All Eyes on Rafah Amidst the Israel-Hamas war, the eyes of the world are fixed on Rafah. Thousand
The fifth phase of elections is to be held on 14 seats of Awadh and Bundelkhand.&n
Fahad Ahmed clarified Swara Bhaskar's 'brother' tweet, and gave such a reply
After tying the knot with Fahad Ahmed, an old tweet of Swara Bhaskar is going viral. In this twee
Preparations for the mythological film Ramayana, being directed by Nitesh Tiwari, are going on in
Shashi Tharoor praised PM Modi's speech, Congress said - nothing worthy of praise.
Congress leader Shashi Tharoor's tone is constantly changing. Despite being a member of the Congr
Pooja Khedkar, who has been embroiled in controversies for a long time, is facing troubles that a
In North Korea, parents can be jailed if their children watch a Hollywood movie or series. For wa
A hearing was held in the court of ADJ I Anil Kumar Pancham on Tuesday on the demand for a survey
Surya Abhishek of Ramlala took place at 12.01 pm. The sun's rays fell on Ramlala's face. About 75
