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Venezuela offers India 30% discount on crude but with cryptocurrency rider

Offers 30% discount on crude oil purchases made in Petro

Topics
Cryptocurrency

Shine Jacob & Dilasha Seth  |  New Delhi 



Venezuela hardsells oil-based cryptocurrency in India, off
Sources said Venezuela wanted to host a conference in India where its President Nicolas Maduro would have pitched for Petro. (Bloomberg file photo)

Venezuela has offered India a 30 per cent discount on crude oil purchases. The discount, however, will be applicable only if India uses the country’s new blockchain technology-based currency Petro.

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First Published: Sun, April 29 2018. 00:36 IST

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