Ever since the war between Russia and Ukraine started, India is buying cheap oil from Russia. After all, why is India so attached to Russian oil, what is the reason behind it? Let’s know a little…
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India’s answer to the search for a big ‘opportunity in disaster’ is the Russia and Ukraine war. Despite the refusal of the western countries, India did not listen to anyone and kept buying crude oil from Russia cheaply. However, Russia also benefited from this and the trade of crude oil helped Russia in saving the economy from the sanctions imposed on it due to the war. But is cheapness the only reason for India’s attachment to Russian oil, or is there something else behind it…
India is the third largest consumer of crude oil in the world. India imports 85 percent of its crude oil requirement. The biggest importers of crude oil from India are only America and China. For a long time, the Gulf countries of West Asia have been the most important source of crude oil for India, and now Russia has become number one in this matter.
How much oil does India import from Russia?
When Russia became isolated in the world, India and China helped it by becoming customers. Now it is a matter of how much crude oil India buys from Russia, then it has a complete math. First of all, let us tell you that in March, India imported 16.2 lakh barrels of crude oil every day.
About 40 percent of India’s total crude oil imports have been purchased from Russia. If we calculate it in liters, then 159 liters of crude oil comes in one barrel. That is, India imported 2576 lakh liters of crude oil every day. In such a situation, India has imported about 1,030 lakh liters of crude oil every day from Russia.
(This news is being updated)
Source: www.tv9hindi.com
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