Crude imports from Russia to India hit an 11-month low in December. Similarly, there were also reports that there was a crisis in the payment of crude imports in Indian Rupees and Russian Rubles. Hardeep Sibh Puri’s reaction was in the background of this.
“The government’s priority is to provide fuel to the people of India at the lowest possible cost. India buys on average 15 lakh barrels of Russian crude every day. Many new producing countries are ready to supply oil to India at a low price. So why should we buy Russian oil if they do not offer a low price? So far oil refineries Union Minister Hardeep Singh Puri said that he has not complained to the government that he is facing problems in making money transactions.
Crude oil price
Crude oil witnessed strong volatility during Thursday’s trade in the international market. Falling demand in the market and increasing domestic production and stockpiles in the United States contributed to the drop in crude oil prices. Brent crude, the most traded, closed 0.8 percent lower at $77.59 and US WTI crude was down 0.7 percent at $72.19 yesterday.
Today’s Vehicle Fuel Rate
No significant change was reported in auto fuel prices in the country on Friday as well. Petrol and diesel prices in India have remained at the same level for more than one and a half years. Meanwhile, in Kerala, the price of one liter of petrol remains unchanged at Rs 108-109 and the price of one liter of diesel remains unchanged at Rs 96-98.