Russia becomes India's top oil supplier in October
7th Nov 2022
myonlineprep
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Russia becomes India's top oil supplier in October
- Russia has become India's top oil supplier in October, surpassing traditional sellers Saudi Arabia and Iraq.
- Russia, which made up for just 0.2 per cent of all oil imported by India in the year to March 31, 2022, supplied 935,556 barrels per day (bpd) of crude oil to India in October -- the highest ever.
- It now makes up for 22 per cent of India's total crude imports, ahead of Iraq's 20.5 per cent and Saudi Arabia's 16 per cent.
- India's appetite for Russian oil swelled ever since it started trading on discount as the West shunned it to punish Moscow for its invasion of Ukraine.
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