Government in talks with Russia over cut-price oil deal: HPCL Posted on May 20, 2022 by cngpump India, the world’s third biggest oil importer and consumer, is struggling like much of the rest of the world with inflation at multi-year highs, and is keen to cut its import bill and protect consumers from soaring fuel prices. Related posts: EU seeks energy price-busting strategy amid Ukraine crisis Some Indian refiners set to cut May Saudi oil, snap up Russian barrels Global fuel subsidies ramped up to counter energy price spike India’s Reliance buys at least 15 million barrels of Russian oil: traders ONGC to gain from the record surge in oil and gas prices: Report Petrol and diesel prices hiked for the 1st time since November 2, 2021, LPG rates up too OPEC share of India’s oil imports steadies after six-year slump Russia offers dual-payment plan for oil, other trade with India Fuel price hike: Petrol, diesel trickles into private pumps as retail prices rise WPI inflation hits 4-month high of 14.55 pc in Mar as crude, commodity prices spike