Business

 India Oil Trade

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Taxes levied by the Indian government also have a significant impact on the retail price of gasoline in India.

ndia exports refined petroleum to the USA, UK, Australia as well as oil-producing countries like Iraq and UAE. During 2017, India exported refined oil worth $24.1 billion. Its share in the world market stood at 3.9%.

      Russia is now India's largest supplier of crude oil, ahead of West Asian countries, accounting for 27% of India's crude imports this February, ...

              

The Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the Middle East and Africa, had a 72% share of all crude oil India imported in April 2022

Russia continued to be the single largest supplier of crude oil, which is converted into petrol and diesel at refineries, for a seventh straight month by supplying more than one-third of all oil India imported