Indian media reports said Russia was offering a discount on oil purchases of 20% below global benchmark prices. Such prices have surged in recent weeks, posing a huge burden for countries like India, which imports 85% of the oil it consumes....
I don’t think Russia has been a major oil supplier to India, ” Bagchi said. Iraq is India's top supplier with a 27% share....
Saudi Arabia is second at around 17%, followed by the United Arab Emirates with 13% and the U.S.at 9%, the Press Trust of India
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2022-03-18 00:00:00.0