Indian Oil, BPCL resume Russian oil purchases following wider discounts amid Trump’s tariff blow
NEW DELHI, Aug 20 (Reuters) – India’s state-run refiners Indian Oil and Bharat Petroleum have bought Russian oil for September and October delivery, resuming purchases after discounts widened, two company officials aware of the matter said on Wednesday.
The refiners had halted purchases in July due to narrower discounts and after India was criticised by Washington for its purchases of Russian oil. President Donald Trump also threatened an additional 25% levy on Indian goods, effective August 27, to penalise New Delhi for its continued buying of the oil.
