the ongoing war between Russia and Ukraine, the price of crude oil in the international market is touching record highs.
Due to the increase in the price of crude oil in the international market . The prices of petrol and diesel in India are also at their highest-ever levels.
there is a piece of good news for India from old friend Russia regarding crude oil. Russia has offered to sell crude oil to India at cheap prices.
Russia has offered to sell crude oil to India at a discount of $ 35 . Per barrel against the prevalent rates in the international market.
In the year 2021, India imported 12 million barrels of oil from Russia. Which was only 2 percent of its total imports.
Russia wants India to take 15 million barrels contracted for this year just to begin with. They said, adding the talks are taking place at government level
The Russian offer would help India to calm rising pump prices to some extent, they said, requesting anonymity.