 "oil")
Indian refiners are staring at an unexpected upside from US President Donald Trump’s high global tariffs, which are neutralising stringent sanctions enforced in January by the US on Russian oil exports , government and refining officials said.
Russia is India’s biggest supplier of oil.
Also, a large price cut by Saudi Arabia, India’s third largest oil supplier, for May loadings to Asia and a higher-than-expected increase in OPEC output, partly prompted by volatility in the oil market from Trump’s tariffs, stand to benefit Indian state-run refiners, refining officials said.
Indian Oil, Bharat Petroleum and Hindustan Petroleum, among others, had agreed to
