India is the world's third-largest consumer of energy, relying on imports for nearly 80% of its crude oil requirements. As Russia is being sanctioned from all sides owing to the situation in Ukraine, India has stepped up to buy Russian oil at a huge discount despite threats from the US.
According to regional media on Thursday, India's state-run refiner, Hindustan Petroleum Corporation (HPCL), has purchased two million barrels of Russian oil for delivery in May, as the country's refiners ...
