In FY23, the crude oil import bill stood at $157.5 billion.
Russia has emerged as the top supplier of crude to India after the Russia-Ukraine war began. Following sanctions from the West, Russia started offering discounts on its oil supplies.
However, the quantum of discount has fallen from more than $30 a barrel to $5-6 per barrel at present, according to analysts.
India imported 232.5 million tonne of crude oil in FY24, marginally down from 232.7 MT in FY23.
Diese Geschichte stammt aus der April 18, 2024-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der April 18, 2024-Ausgabe von Financial Express Mumbai.
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