Russian oil shaves India’s import costs by about $2.7 bln

Russian oil shaves India’s import costs by about $2.7 bln

NEW DELHI: India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data, helping it support economic growth and easing pressure on its trade deficit. Crude oil accounts for about a third of India’s overall imports by value. The world’s third-biggest … Read more