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Searched Tag: russia crude oil

Prime Minister Narendra Modi with Russian President Vladimir Putin.

Russia grants 5% discount on oil to India as US tightens tariffs

August 20, 2025, 05:03 PM - 4 min read

Russia will continue supplying discounted crude oil to India despite US sanctions and pressure, officials said in New Delhi, affirming that the two countries’ energy cooperation remains firm and unaffected.

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Last fiscal, India spent over USD 137 billion on import of crude oil, which is refined into fuels like petrol and diesel

Banishing Russian crude may cost India USD 9-11 bn

August 3, 2025, 08:26 PM - 5 min read

From less than 0.2 per cent before 2022, Russian oil now makes up 35-40 per cent of India’s crude intake since Russia started discounting it; moving away from it could risk high import bills for the country

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