Tag: oil

  • India Plans To Purchase Russian Oil At Discounted Rate

    India Plans To Purchase Russian Oil At Discounted Rate

    India will look at accepting Russia‚Äôs offer of discounted oil, once tanker and insurance cover issues are resolved. In general, India imports about 2-3% of its fuel from Russia – 80% of all oil used in the country is imported overall – and is now looking at establishing a rupee-ruble trade mechanism to permit the […]