December 2, 2022

India imported $720-m value of Russian crude throughout Nov

Surging imports: Russia’s share in Indian crude oil imports surged from around 1 per cent before February 2022 to 21 per cent in October

India imported 720 m worth of Russian crude during Nov

At the same time as uncertainty over the G7 international locations putting a worth cap on Russian crude oil persists, Indian refiners imported $720 million, or roughly ₹5,800 crore, value of crude oil from Russia within the first fortnight of November.

The inbound cargo from Russia throughout November 1-15 was the fourth highest within the final 9 months. For comparability, through the first fortnight of September 2022, India imported a document $1.35 billion value of oil, an all time excessive for a fortnight, knowledge compiled by…

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