India’s State Refiners Tempted by Falling Russian Crude Prices
Thursday, 14 August 2025 () India’s state-owned refiners, which paused Russian crude buying a few weeks ago, have now started to inquire traders about potential purchases of the flagship Russian crude Urals, sources familiar with the development told Reuters on Thursday. The biggest Indian state-owned refiners have pulled out of spot purchases of Russian crude for cargoes loading in October, after the U.S. announced an additional 25% tariff on India over its imports of crude from Russia. U.S. President Donald Trump signed an executive order enacting an additional 25%…
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After US President Donald Trump's increased tariff rate for India and amid US' continuous economic threat, many state-owned oil refiners have stopped purchasing... DNA
Despite discounted crude oil imports from Russia, India’s common citizens see no relief at fuel stations. Private refiners and the government pocket the gains. Zee News
Thursday, 14 August 2025 ()
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