Russian oil price for India eased in September vs August: Govt data
The average landed price of Russian oil for Indian refineries in September eased from August, according to Indian government data, indicating widening discounts.
Spot discounts for Russian crude in September started to widen as Indian refiners reduced purchases due to high prices and maintenance outages, Reuters reported in August.
India bought Russian oil at an average price of about $81.7 per barrel, compared to about $86 per barrel in August, according to Reuters’ calculations based on the latest data posted on the Indian Trade Ministry’s website.
