50% cut in Russian oil may hike India’s import bill by $10 billion
A 50 per cent reduction in Russian oil purchases could increase India’s annual oil import bill by USD 5-10 billion and push inflation higher, economist Santosh Mehrotra said, amid the US proposal to impose punitive tariffs. A 50 per cent reduction in Russian oil purchases could increase India’s annual oil import bill by USD 5-10 … Read more