Brief by Shorts91 Newsdesk / 04:12pm on 20 Aug 2025,Wednesday India Global
Russia reaffirmed its commitment to continue supplying oil to India at a 5%–7% discount, declaring the arrangement “very profitable” and highlighting a “very, very special mechanism” designed to bypass U.S. pressure . The discounted oil—now accounting for around 35% of India’s imports—offers New Delhi economic relief and supports domestic fuel affordability . Meanwhile, despite U.S. tariffs targeting India’s exports over its reliance on Russian energy, Indian refiners including Indian Oil Corp and BPCL are resuming purchases amid widening discounts of about $3 per barrel. (PC: NDTV)
