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!

'Weren’t up to the mark': Dhoni keeps retirement talk at bay, eyes CSK reboot

Mahendra Singh Dhoni addressed Chennai Super Kings' disappointing IPL season, acknowledging the...

By 0 4

Will Priyanka be seen in 'Love And War'?

Priyanka Chopra, last seen in 'Sky Is Pink,' may return to Bollywood with a special dance number...

By 0 15

Kashmir’s ancient script Sharda, a ‘vital component of India’s heritage’

By 0 19

Football: FIFA opens talent academy in Hyderabad

FIFA, in collaboration with the AIFF and Telangana government, has launched its inaugural talent...

By 0 35

Prince Harry punched Andrew at royal gathering, called him coward; Meghan Markle was branded an 'opportunist': Book

By 0 44