
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.
Prime Minister Narendra Modi on Tuesday held a meeting with Russian President Vladimir Putin duri
Team India: Ashish Nehra's statement on Gambhir and Kohli, said this on sharing the dressing room
Former Indian fast bowler Gautam Gambhir has claimed that he does not see any problem between Vir
A major controversial incident occurred during the match between Pakistan and Bangladesh in the 2
The campaign for the assembly elections in Maharashtra is at its peak. All the politicians are ru
Oscars 2025: Aamir Khan's dream shattered, Kiran Rao's film Laapataa Ladies out of Oscars
While Aamir Khan is the Mr. Perfectionist of Bollywood on the one hand, on the other hand, his ex
Delhi Police has arrested the accused who wrote a threatening message to Delhi Chief Minister and
There was heavy rain in many areas of the capital on Sunday night. After this, very light rain oc
The month of August is going to start on Thursday. With the beginning of the month, many such rul
PM Modi in Post-Budget Webinar Prime Minister Narendra Modi has been addressing pre-budget webina
The film 'Lal Salaam' directed by superstar Rajinikanth's daughter Aishwarya has been released to