 "India will be Rs 200 per liter, India will be burden on 9.60 lakh crore on buying Pitrol, Russian oil")
Will petrol be Rs 200 to Rs 200 per liter? The public policy of the United States and Restrictions on Russian oil is now being clear on India’s pocket. The United States has put 25% of the energy security of the country at 25% of Tariff and Russian oil and arms purchased by the United States. For this reason, India’s annual oil can increase the import bill from 9-11 billion, a direct shock of approximately 9.60 lakh crore. Let you know that India is the world’s third highest oil consumer and the Importal Country.
India has rapidly 0.2% of the total import of imported Russian oil after Russia in 2022 The cheap oil not only gave relief to the common man, but the reconciliation companies earned a record. But now the United States has risked the full strategy of India.
What can affect?
According to experts, if India has to stop buying Russian oil, he will have to give about about 5 5 ol. India imports in Russian oil oil daily. This means that the country’s oil, imported bill can grow up to 9-11 billion. If oil prices at the world are more, this cost can increase more.
Which companies will be affected?
Private refining companies like Reliance Industries and Narera Energy buy a large part of Russian oil. The European Union has already strengthened his grip on Naarara, and now due to potential secondary restrictions from the United States, the companies are slowly removing themselves from Russian oil.
Options, but expensive
It is possible to import oil from Russian oil, western Africa, West Africa or USA, but it is worth high and there are many logistical challenges. Also, the quality of oil from these countries are also different, which can put pressure on refining margin. If the government adopts the path of tax deductions or subsidies to keep Ritle fuel prices steady, the financial loss will increase. On the other hand, if the prices left on the market, petrol and diesel prices can be over 200 per liter. This can also affect the weakness and interest rates of rupees.