Who Really Pockets India’s Russian Oil Windfall? India’s Russian oil imports tell a striking story in numbers. Over the past two years, India has been importing crude oil at discounts ranging from 25% to 50%, amounting to US$5–USUS$30 per barrel bel...

Who really pockets #India’s #RussianOil windfall?

Despite #oil being #deregulated on paper, RetailPrices are effectively administered

Govts prefer #HighPrices to secure steady #TaxRevenues, while OMCs justify margins by citing past under-recoveries on #LPGsubsidies
www.moneylife.in/article/who-...