Tuesday , October 3 2023

Russia’s oil price to India in July lowest since Ukraine war began

A view shows cargo vessels in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File photo Acquire Licensing Rights

NEW DELHI, Sept 5 (Reuters) – The average price of Russian oil delivered at Indian ports in July dropped to the lowest since Moscow’s invasion of Ukraine in February last year, according to Indian government data.

India received Russian oil at an average price of $68.09 per barrel in July, marginally down from $68.16 in June and sharply lower than $99.58 in July 2022, according to Reuters’ calculations based on the latest data posted…

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