Russia's share in India's crude imports exceeds 50%: Report

Russia's share in India's crude imports exceeds 50%: Report according to a GTRI report. This marks a significant shift in India’s energy import pattern, with Russian crude now accounting for over half of total purchases. Cheaper Russian oil has replaced pricier supplies from the Middle East, boosting refining margins. India’s strategic pivot supports trade savings amid global price volatility.

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