India saved $7.9 billion by buying more Russian crude in FY24 – Times of India
NEW DELHI: India saved an estimated $7.9 billion in oil import bill 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 increased savings leads to a “compression” of 15-22…