Essayer OR - Gratuit
IOC says it continues to buy oil from Russia
Financial Express Chandigarh
|August 19, 2025
STATE-OWNED DOWNSTREAM MAJOR Indian Oil (IOCL) on Monday said it continues to purchase Russian crude oil in the current quarter, depending upon the economics.
However, the company noted that discounts on Russian barrels have narrowed significantly to just $1.5-2 per barrel.
The comments come at a time when India faces the risk of a 50% tariff from the US. Washington has already announced an additional 25% tariff on the country for continuing to buy Russian oil. In the first quarter of FY26, Russian oil accounted for 24% of IOCL's total imports, up from 22% in FY25.
Cette histoire est tirée de l'édition August 19, 2025 de Financial Express Chandigarh.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Financial Express Chandigarh
Financial Express Chandigarh
Aus, India to join G7 meet on critical minerals
US TREASURY SECRETARY Scott Bessent said Australia, India, and several other countries would join a meeting of finance ministers from the Group of Seven (G7) advanced economies that he is hosting in Washington on Monday to discuss critical minerals.
1 min
January 11, 2026
Financial Express Chandigarh
Demand for luxury second homes on the rise
Shift led by higher incomes, focus on wellness
1 min
January 11, 2026
Financial Express Chandigarh
Budget likely to focus on debt goals & fiscal deficit
More investment, efficiency for high growth: EAC head 'Strong turnaround for banking'
1 min
January 11, 2026
Financial Express Chandigarh
A pinch too much!
The average Indian consumes twice the amount of salt they should - the damage remains invisible until it's too late
4 mins
January 11, 2026
Financial Express Chandigarh
Moroccan cave fossils yield a missing link in human origins
The new finding has a potential to revise theories on early human evolution
4 mins
January 11, 2026
Financial Express Chandigarh
Sebi nod to NSE IPO by month-end
THE SECURITIES AND Exchange Board of India (Sebi) is likely to issue by the end of this month a no-objection certificate (NoC) for the National Stock Exchange's (NSE) proposed public issue, bringing the much-anticipated IPO closer to reality.
1 min
January 11, 2026
Financial Express Chandigarh
ICICI Lombard staff leaks draft financials on WhatsApp
ICICI LOMBARD GENERAL Insurance on Saturday said a designated person of the company had \"inadvertently\" uploaded certain information related to its third-quarter financial statements on his personal WhatsApp status, before deleting it.
1 min
January 11, 2026
Financial Express Chandigarh
DIY URBANISM
How residents are cleaning, greening and reclaiming their cities, one filthy river, dumping ground, or neglected corner at a time
3 mins
January 11, 2026
Financial Express Chandigarh
Tracing the stars with songlines
A pulsing and spatial Australian ethnic narrative arrives in the national capital
3 mins
January 11, 2026
Financial Express Chandigarh
Greenland’s party leaders dismiss US control proposal
GREENLAND'S PARTY LEADERS have rejected President Donald Trump’s repeated calls for the US to take control of the island, saying that Greenland’s future must be decided by its people.
1 min
January 11, 2026
Listen
Translate
Change font size