How Much Will India’s Fuel Bill Rise If It Stops Russian Oil Imports?

India’s crude oil import bill could increase by USD 9 billion this financial year and USD 12 billion in the next, if the country stops buying Russian crude oil amid Washington’s latest action against New Delhi over the purchases.

​India’s crude oil import bill could increase by USD 9 billion this financial year and USD 12 billion in the next, if the country stops buying Russian crude oil amid Washington’s latest action against New Delhi over the purchases.  

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