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Searched Tag: india import of russian oil
Last fiscal, India spent over USD 137 billion on import of crude oil, which is refined into fuels like petrol and diesel

Banishing Russian crude may cost India USD 9-11 bn

August 3, 2025, 08:26 PM - 5 min read

From less than 0.2 per cent before 2022, Russian oil now makes up 35-40 per cent of India’s crude intake since Russia started discounting it; moving away from it could risk high import bills for the country

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