Donald Trump tariff impact? State-run oil refiners stop Russia...

Dununu.com Dununu

Patrocinados

Donald Trump tariff impact? State-run oil refiners stop Russia crude oil purchases in spot market; government says no instructions given

RSS Feed Business

Posted

66

Following US tariffs on Indian exports due to trade ties with Russia, state-owned refiners like IOCL, BPCL, HPCL, and MRPL have reportedly ceased spot market purchases of Russian crude oil. Reliance Industries and Nayara Energy, with term agreements, may continue imports. This shift could raise costs and impact refining margins, though India can transition to alternative sources.

Read Full Article

Please log in to like, share and comment!

India faces $9–11 billion oil bill spike: Forced pivot from Russian crude after Trump's 'penalty' could hit margins- What analysts say

Amidst potential US penalties and EU sanctions, India faces a complex challenge in its Russian...

By 0 4

Who is Jeanine Pirro? Trump loyalist and ex-Fox News host confirmed as top US attorney; wins Senate approval

Jeanine Pirro, a Fox News personality and staunch Trump loyalist, has been confirmed as the US...

By 0 6

KCET round 1 seat allotment result 2025 released at cetaconline.karnataka.gov.in: Check direct link to download scorecards here

By 0 17

Watch: Hilarious! Jadeja asks England crowd to change t-shirt during IND vs ENG 5th Test

During the fifth Test at The Oval, Ravindra Jadeja playfully requested a spectator to change his...

By 0 19

IND vs ENG | New pace trio’s bold mantra: ‘Watch out for each other’

Mohammed Siraj and Prasidh Krishna, IPL teammates, showcased their Test bowling prowess,...

By 0 19