Limited discounts on Russian oil for Indian refiners

Since the outbreak of the Ukraine war, Indian state-run and private refiners have significantly raised their intake of Russian oil that’s been selling at a deep discount to the global benchmarks. But average discounts availed by Indian refiners on a delivered basis have been in the range of $10 per barrel, much lower than what is believed to be availed by refiners in Europe, said oil industry executives.

from Energy-Industry-Economic Times https://ift.tt/y7vF9Ue