Russian crude imports cut India’s oil bill by $8bn in FY24 | India News – Times of India
NEW DELHI: India saved an estimated $7.9 billion in oil import in the 11 months of 2023-24 financial year ended March 31, compared to $5.1 billion over the whole of 2022-23, by purchasing higher volumes of Russian crude at deep discounts, ICRA Research said on Tuesday.The savings leads to a “compression” of 15-22 basis points…