Are we gonna buy Russian Oil at a Deep Discount?

F Tier Reply :expressionless:

Kuch samaj nhi aaraha hai par padhke accha laga :sweat_smile:

Thats a massive jump

25x jump :slight_smile: That’s humongous…Exporters are gonna make windfall gains…Hope some of the benefits accrued from this are diverted towards local consumers…Taxing them may not be the smartest move…

If this deal continues to grow like this, Our energy costs as a nation are bound to be stabilised

Europe has decided to curtail 90% Russian oil imports. Now west will again pressurise India to stop buying from Russia. Earlier India’s argument was that Europe buys more than us which will be weakened now. How long Government can resist the pressure now need to be seen.

Does this directly result in lower prices of petrol for Indians or it results in improved margins for refiners like Reliance ?

Russian oil imports are still a small percentage of what we order from other countries. This weight-age can increase in coming times, but lets wait and watch.

Small % is now getting bigger n bigger with russian oil surpassing Saudi as per trade sources

Some say it could go past 25%