💨 Abstract

India continues to buy crude oil from global suppliers while adhering to international sanctions, clarified A S Sawhney, Chairman of Indian Oil Corporation Ltd (IOCL). India avoids transactions with sanctioned entities but is open to deals with non-sanctioned entities and clean fleets. India sources oil from various countries based on availability and competitive pricing, with crude oil purchases not fixed at a particular rate.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖