Will keep buying Russian oil as it is commercially viable, says ONGC

STATE-RUN OIL and Natural Gas Corporation (ONGC) on Friday said that it will continue to buy Russian oil as long as it is commercially viable.

- FE BUREAU

"There are no sanctions on Russian oil as of now. We will continue to buy unless the government decides otherwise," said Arun Kumar Singh, chairman, ONGC.

The company's statement comes at a time when the country is facing additional 25% tariffs for buying Russian oil above the existing 25% tariffs.