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India’s Russian oil purchases could rise as global oil prices ease

Published December 8, 2023 Updated December 8, 2023 01:43pm
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By Reuters
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NEW DELHI: India’s purchases of Russian oil could rise due to easing global oil prices, a senior government official said on Friday.

A retreat in crude prices will bring down the price of Russian oil to below $60 a barrel cap imposed by G7 nations, the official said.

Russian oil sold to India at 30% above Western price cap

This would help India, the world’s third biggest crude importer, to buy more from Russia, the official told reporters on condition of anonymity.

India's Russian oil

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