NEW DELHI: India’s crude imports from Russia surged in March, with purchases at nearly Rs 5.3 billion (about $6.2 billion) compared with Rs 1.4 billion ($1.6 billion) the previous month, amid the military conflict in West Asia and closure of the Strait of Hormuz.In its latest analysis of Russian fossil
NEW DELHI: India’s crude imports from Russia surged in March, with purchases at nearly Rs 5.3 billion (about $6.2 billion) compared with Rs 1.4 billion ($1.6 billion) the previous month, amid the military conflict in West Asia and closure of the Strait of Hormuz.In its latest analysis of Russian fossil fuel exports and sanctions, Centre for Research on Energy and Clean Air (CREA) said India imported Rs 5.8 billion worth of Russian hydrocarbons in March – the second-highest after China – as both volumes and prices increased. Crude accounted for 91% of imports, followed by coal and oil products.The report added India’s total crude imports fell 4% in March, but those from Russia rose four times. State Refiners Largest Buyers Of Russian Fuel “The biggest shift was in state-owned refineries’ imports from Russia,
