Indian refiners, including Indian Oil Corp and Mangalore Refinery and Petrochemicals Ltd, have also purchased crude through spot tenders in recent weeks
The fuel price for domestic flights will remain unchanged at ₹104,927 ($1,104.25) a kiloliter in New Delhi for June
India has been balancing the risk of secondary sanctions - and the need to secure a trade deal with the US - against the risks that come with allowing much-needed ties to Russia to fray
The country's top refiner, Indian Oil Corp, has bought 5 million barrels of US West Texas Intermediate crude for delivery in October and November via a tender
State-run and private processors, including heavyweight Reliance Industries Ltd., are expected to buy 1.4 million-to-1.6 million barrels a day for October loading and beyond
Nayara Energy and Reliance Industries have already signed term deals for Russian oil imports
State-run Bharat Petroleum Corp and Hindustan Petroleum Corp aim to end net carbon emissions from their operations by 2040, and Indian Oil Corp has set a target for 2046
Iraq and UAE are willing to offer credits for longer periods of time, and they are also located closer to the Indian shores
State-owned oil companies re planning to raise gas contributions to between 5 and 15 per cent of their incomes over the next few years
The govt is still formulating a national policy for petrochemical