A recent report from a parliamentary panel highlighted that all import deals were executed within the scope of Western sanctions imposed on Moscow for its involvement in the conflict, as per S&P Global.
The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal in averting potential chaos in the crude oil market and preventing a surge in prices by approximately USD 30-USD 40 per barrel. According to the Petroleum and Natural Gas Ministry, India’s increased imports of Russian oil after Russia’s invasion of Ukraine in February 2022 prevented “havoc” in the global oil market. The ministry said that if India had not increased its imports, global crude oil prices would have increased by around USD 30-40 per barrel.
The parliamentary panel report quoted a representative from the petroleum ministry, stating that Indian oil and gas companies meticulously adhered to international laws and sanctions.
Denne historien er fra December 31, 2023-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 31, 2023-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Swati Maliwal assault case: Court seeks response of Bibhav Kumar on plea
A Session court at Tis Hazari, on Monday sought the response of accused Bibhav Kumar in the AAP MP Swati Maliwal assault case on Delhi police's plea.
There is decline of native fish in Yamuna, rise of exotic species: NGT
In its order dated November 7, a bench of NGT Chairperson Justice Prakash Shrivastava noted that the CIFRI had filed its reply dated September 19, which supported the plea for a decrease in local fish species.
Yasin Malik ends hunger strike, receives medical aid: Tihar to HC
The Tihar jail authorities informed the Delhi High Court on Monday that separatist leader and convicted Yasin Malik ended his hunger strike on November 8, 2024, and is being provided with the necessary medical treatment in accordance with jail rules.
JD(S) condemns 'Racial Slurs' by Minister Against Kumaraswamy
Janata Dal Secular on Monday strongly condemned the \"racist remarks\" made by Karnataka Minister Zameer Ahmed Khan for Union Minister HD Kumaraswamy.
Malabar Gold & Diamonds Launches 'Swarnakriti' - An Exquisite Collection of Handcrafted Gold Jewellery
Malabar Gold & Diamonds, the responsible jeweller and one of the world's largest gold and diamond retail chains, announces the launch of its exclusive new collection, 'Swarnakriti'.
LG approves hiring of 1,463 healthcare workers
Lieutenant Governor of Delhi VK Saxena on Monday had approved the recruitment of 1463 healthcare professionals, including 701 nurses and 762 paramedical staff, on an outsourced basis in order to address the shortage of personnel and improve Delhi's public healthcare infrastructure.
Govt urges LG to hire 10K bus marshals amid rising crimes against women
Delhi Chief Minister Atishi on Monday said her government is sending a proposal to Lieutenant Governor VK Saxena for the formulation of a policy on retaining 10,000 bus marshals on a permanent basis.
Delhi Police busts inter-state gun syndicate, 18 arrested
The Delhi Police has busted an inter-state syndicate of gun dealers and arrested 18 members of the gang in a month-long operation, officials said on Monday.
BJP criticises the AAP for mishandling the situation of civil defense volunteers
The Delhi unit of the Bharatiya Janata Party (BJP) has criticized the Aam Aadmi Party (AAP) for allegedly mishandling the situation of civil defense volunteers.
Uttarakhand High Court Allows Wife's Plea To Become Guardian Of Comatose Husband
The Uttarakhand High Court in the case Kamakshee Bisht Versus State Of Uttarakhand & others observed and has allowed the application of a wife who sought guardianship of her husband who is in a state of coma and deeply bedridden.
