By Admin 
India pause russian oil: Due to increasing pressure from the US and 50 percent tariff imposed by the US, there has been heavy pressure on Indian oil companies. This is the reason that he has currently put a brake on buying oil from Russia. Despite the restrictions on Moscow, frequent oil shopping by Indian oil companies is believed to be the reason for Trump’s move.
According to Bloomberg report, government refinery companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum in the spot market have decided not to purchase ureles crude from Russia from October.
Pressure oil companies
The government is currently waiting for the government’s instructions before the new order. Although there has been no official ban on the purchase of Russian oil from India, the government is reviewing the entire situation. According to Bloomberg report, Indian refiners have been asked to pay attention to other options if oil is not purchased from Russia and inform about non-Rasi oil suppliers. The decision to purchase crude oil is taken one to one and a half months ago, so that the refiners can ensure supply according to future requirements.
Search for oil option
It is worth noting that the purchase of Russian urel crude has already been made for August and September, and it is believed that until a new decision is taken by the government, all the procedures will run according to the pre -determined plan. Some cars have already reached Indian ports, while some shipments are still delayed.
Earlier, Indian refiners had reduced its purchases due to the increase in the price of ureles crude in late July. After this, they have turned to other areas.
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