India Buys US LPG: Putin Links Price to Russian Oil
The price of crude oil is currently around $60 a barrel, wiht projections reaching $64. Experts advise India to aim for a price range of $60-65 per barrel, as this would provide a discount of $4-4.5 per barrel. Given that India imports 85-90% of its crude oil, fluctuations in global prices substantially impact the nation’s economy. Rising crude prices pose a serious threat, and India’s reliance on cheaper Russian oil offers a crucial buffer.
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