India oil imports News

India's $5 Billion Oil Dilemma: Navigating Russian Supply Risks Amid Global Economic Threats

India's exposure to a potential disruption in Russian oil exports is estimated at $5 billion annually, manageable within its trade scale. However, a full embargo could severely imp...

Global Oil Price Drop to Save India Rs 1.8 Lakh Crore, Boosting Economic Stability

India could save up to Rs 1.8 lakh crore on oil imports due to falling global prices, with ICRA projecting significant savings if prices stay low. This comes as a relief for the co...