White House Press Secy drew attention to the fact that Russian Oil accounts for only 1-2% of Indian imports. However, about 10% of the Indian imports are from the USA.
The oil companies increased the petrol price by Rs 1.82 per litre (excluding VAT) as the decline in the rupee for the past few weeks against US dollar made the oil imports costlier. The actual increase of the petrol for consumers is higher…
Petrol price was hiked by 75 paise per litre and diesel by 50 paise after Indian rupee fell to 11-month low yesterday. The oil imports were costlier after the increased demand for US dollar dominated the market.
However, the oil…