12 Dec, 23

India’s Imports of Russian Oil Averaged $84.20 per Barrel in October

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India’s purchases of Russian crude oil averaged $84.20 per barrel in October—the highest price the world’s third-largest crude importer has paid since the $60 price cap came into force at the end of last year, according to preliminary data from the Indian government cited by Reuters. The price India paid for Russian oil in September was $81.24 a barrel, per Reuters estimates based on official Indian trade figures. India has become a top buyer of Russian crude oil alongside China since the Russian invasion of Ukraine and the embargoes…

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