{"id":493981,"date":"2022-05-27T12:03:50","date_gmt":"2022-05-27T06:33:50","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=493981"},"modified":"2022-05-27T12:03:50","modified_gmt":"2022-05-27T06:33:50","slug":"india-to-continue-buying-russian-oil-discount-to-be-finalised-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-to-continue-buying-russian-oil-discount-to-be-finalised-report\/","title":{"rendered":"India to continue buying Russian oil, discount to be finalised: Report"},"content":{"rendered":"<p>India will continue to buy &#8220;cheap oil&#8221; from Russia but has not finalised terms of the discount, a senior government official familiar with the matter said on Wednesday.<\/p>\n<p>&#8220;We will get cheap oil from Russia,&#8221; the government official told reporters on Wednesday, adding that the average price at which the world&#8217;s third largest oil importer buys crude is currently above $100 a barrel.<\/p>\n<p>With concerns that conventional payment routes could be blocked due to Western sanctions on Moscow, including on banks, work was ongoing to set up a rupee-rouble trade mechanism to facilitate transactions, the official said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India will continue to buy &#8220;cheap oil&#8221; from Russia but has not finalised terms of the discount, a senior government official familiar with the matter said on Wednesday. &#8220;We will get cheap oil from Russia,&#8221; the government official told reporters on Wednesday, adding that the average price at which the world&#8217;s third largest oil importer buys crude is currently above $100 a barrel. With concerns that conventional payment routes could be blocked due to Western sanctions on Moscow, including on banks, work was ongoing to set up a rupee-rouble trade mechanism to facilitate transactions, the official said.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-493981","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=493981"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493981\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=493981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=493981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=493981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}