saudi oil: Russia undercuts Saudi oil in India as competition heats up, Energy News, ET EnergyWorld

2022-09-23 20:11:36 By : Ms. Wendy Wang

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Russian barrels were cheaper than Saudi crude during April through June, with the discount widening to almost $19 a barrel in May, according to Bloomberg calculations based on Indian govt data. Russia surpassed the kingdom as the second-biggest supplier to India in June, ranked just behind Iraq.

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​​As part of the awarded contract, the Delhi-based charging solutions provider will set up 3.3kW AC and 7.4kW AC charging stations for both two-wheelers and four-wheelers at the existing Indian Oil fuelling pumps in these key territories.

Among the three bidders, RIL has made the highest offer - of around ₹1,960 crore - to lenders, and most of the money would be paid upfront, one of the persons cited above said. If RIL emerges as the winning bidder, it would mark the conglomerate's entry into coal-based power production.

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