{"id":523012,"date":"2022-09-19T10:51:45","date_gmt":"2022-09-19T05:21:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=523012"},"modified":"2022-09-19T10:51:45","modified_gmt":"2022-09-19T05:21:45","slug":"discounted-russia-crude-gives-india-rs-35000-crore-gain","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/discounted-russia-crude-gives-india-rs-35000-crore-gain\/","title":{"rendered":"Discounted Russia crude gives India Rs 35,000 crore gain"},"content":{"rendered":"<p>NEW DELHI: India is estimated to have gained Rs 35,000 crore by importing Russian crude at discounts since the Ukraine conflict began in February, people in the know said.<\/p>\n<p>India went on bargain hunting for Russian crude as the conflict prompted Moscow\u2019s traditional buyers to shun those barrels and traders, stuck with shipments, started offering big discounts. India has opted to import crude from Russia despite pressure from developed nations to shun shipments in the wake of Moscow\u2019s decision to attack Ukraine.<\/p>\n<p>The country has emerged as the second-largest buyer of Russian crude after China. Russian oil accounts for 12% of the country\u2019s total oil purchase against less than 1% before the war. In July, Russia became India\u2019s second-largest oil supplier, relegating Saudi Arabia to the third spot. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India is estimated to have gained Rs 35,000 crore by importing Russian crude at discounts since the Ukraine conflict began in February, people in the know said. India went on bargain hunting for Russian crude as the conflict prompted Moscow\u2019s traditional buyers to shun those barrels and traders, stuck with shipments, started offering big discounts. India has opted to import crude from Russia despite pressure from developed nations to shun shipments in the wake of Moscow\u2019s decision to attack Ukraine. The country has emerged as the second-largest buyer of Russian crude after China. Russian oil accounts for 12% [&hellip;]<\/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":[130,219,137],"tags":[],"class_list":["post-523012","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/523012","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=523012"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/523012\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=523012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=523012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=523012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}