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PSU refiners eye Russian oil as discounts rise ahead of Trump-Putin talks

Indian state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - paused Russian oil purchases last month as discounts narrowed

Reuters NEW DELHI

1 min read Last Updated : Aug 14 2025 | 5:17 PM IST

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Indian state refiners have started making enquiries with trading firms about purchases of Russia's Urals crude oil as discounts widen, three people with knowledge of the matter said on Thursday, ahead of a high-profile meeting of U.S. and Russian leaders on Friday.

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Indian state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - paused Russian oil purchases last month as discounts narrowed.

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