रूसी तेल की कीमतों ने तोड़ दिया रिकॉर्ड! भारत को महंगा क्रूड बेचकर कितना कमा रहे पुतिन? – russian oil prices record high india ukraine war us sanctions waiver iran israel war wdrk
After the war with Ukraine started in February 2022, Russia had sold very cheap oil to India in view of Western sanctions. Indian refineries earned huge profits from cheap Russian oil, but now when the world is stuck in the middle of another big war, Russian oil is becoming very expensive for India, in fact, it can be said that Russian oil is becoming the most expensive for India after 2022.
According to a Bloomberg report, people coming to India Russia The price of Ural crude, the main crude oil, has reached a record level. The reason for the huge rise in Russian oil prices is US President Donald Trump’s discount on Russian oil, which he has issued for countries all over the world.
Russians coming to India Oil The price of Ural reached $ 98.93 per barrel on Friday. According to energy data firm Argus Media, this also includes shipping charges. Russian oil had never been so expensive for India before.
Russian oil becomes record expensive for India
This increase in Russian oil prices has come at a time when global oil prices are increasing due to the ongoing war in the Middle East. According to the data, the discount on Russian crude oil reaching Indian ports fell to $ 4.80 per barrel on Friday compared to the global benchmark Brent crude.
on 28th February iran Seeing the rising oil prices after the start of the war with India, America was the first to issue permission to India to buy Russian oil. This is a temporary exemption which was issued for 30 days. After this, last week the US Treasury Department issued permission for the second time, under which all the countries of the world can buy Russian oil cargo already present in the sea.
America has taken this decision because President Donald Trump’s administration is trying to reduce pressure on oil prices. After getting the green signal from the US in early March, Indian refineries, including Indian Oil Corporation and Reliance Industries, bought about 30 million barrels of unsold Russian crude oil lying in the sea. People associated with this deal had given this information last week.
How much is Russia earning by selling expensive oil to India?
According to Argus Media, the average price of Ural crude at Russia’s western ports on Friday was $73.73 per barrel, which is the highest since mid-July 2024.
However, it is not clear how much the difference between the export price and the delivery price, called the delivery spread, ultimately benefits Russia. In simple words, it is not clear how much Russia is currently benefiting from selling oil to India.
Still, this price is much higher than the estimated average of $59 per barrel in Russia’s budget this year. Russian President last week Vladimir Putin Had asked the country’s oil and gas companies to take advantage of the high prices of oil and gas but also warned that this boom is ‘definitely temporary’ and the government and companies should plan accordingly.
—- End —-
