By Admin 
Indian oil: The government company Indian Oil Corporation Limited (IOC), also known as Indian Oil, has taken a big decision. The company said on Monday that the company will continue the purchase of crude oil from Russia in the current quarter. The company said that it will depend on the economic situation of the company. However, the company also stated that the discount on the Russian barrel has been reduced considerably to only $ 1.5-2 per barrel.
Trump has already given this threat
The company has taken this decision at a time when India is under threat of American tariff. President Donald Trump has already said that if India continues to purchase crude oil from Russia, it will have to face 25 percent additional tariffs. Let us know that in the first quarter of 2026, the business year was 24 percent of IOCL imports, which was 22 percent in 2025. The company said, last year, we imported about 22 percent crude oil from Russia. It was about 24 percent in the first quarter of FY 2026. In this quarter, we will continue purchasing Russian crude oil based on our economic condition.
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