Russian Oil Discount For India Shrinks

2023 • 7min • News • Business


Published On: July 10, 2023 - Indian refiners have emerged as the largest consumers of discounted Russian crude oil imports in 2022. However, the transparency of shipping charges imposed by the Russian-arranged firm remains unclear. While Russia invoices Indian refiners below the agreed-upon price cap of $60 per barrel set by the West, the actual shipping charges range from $11 to $19 per barrel.