By
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.