India, China account for 80% of Russian crude oil exports in May: IEA
India has increased purchases from almost nothing to close to 2 million barrels per day, while China has raised liftings by 500 kb/d to 2.2 mb/d, IEA says
russian crude oil
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Govt extends restrictions on export of petrol, diesel
Refiners must sell at least 50% of annual volume of petrol exports, 30% of diesel exports in India; move to ensure availability of refined fuel in India
Russian crude absorbs India's boiling inflation
CPI declined to 6.77% in October from 7.41% in September when Russia topped the chart of India's oil suppliers.
India to ignore the West, continue importing Russian crude to fight inflation
The country procures Russian oil at deep discount of around $15-20 a barrel.
