[Indian oil imports have fallen to a new low in a year, and Petroleum and Natural Gas Minister Puri pointed out that the price lack of attractive non -payment]Kolkata Investment

Indian government officials Hadop Singh Peri explained on Wednesday local time that the reduction of India's import of oil from Russia was not due to difficulty in paying, but the price of Russia's oil failed to meet India's economic interests.Data show that the number of oil purchased from Russia last month has fallen to the minimum level from January last year. It only purchased 140,000 barrels of cable Cole quality crude oil per day.Transportation of crude oil.

Purry refuted that India's statement caused by the reduction of oil imports due to paying to Russia, emphasizing that the Indian refinery is cautious about Russia's oil price price, which is a key factor in determining the import volume.He clearly stated that India's dominant principle is to ensure that consumers can obtain energy at the most economical price, and domestic oil companies have not reflected any questions about paying oil payment.Jinnai Wealth Management

With the avoidance of the West to Russian oil, Russia turned their goals to India and other countries, providing a large number of discounted oil.As the world's third largest oil import and consumer country, India had previously imported about 1.5 million barrels of oil per day from Russia.However, over time, Russian oil prices have risen and the discount range has decreased.Hyderabad Stocks

Puri emphasized that if Russia does not provide attractive discounts, India does not need to buy oil from Russia.He revealed that some new oil production countries are willing to provide preferential discounts than Russia.In addition, he pointed out that the global market has sufficient oil supply, and there will be no shortage of supply at present.Ahmedabad Stock