India’s Reliance buys at least 15 million barrels of Russian oil: traders Posted on April 22, 2022 by cngpump Indian refiners have snapped up the cheap barrels as India, the world’s third-biggest oil importer and consumer, is hit hard by high oil prices. India imports about 85 per cent of its 5 million barrels per day oil needs. Related posts: OPEC share of India’s oil imports steadies after six-year slump Some Indian refiners set to cut May Saudi oil, snap up Russian barrels MRPL buys 1 million barrels of Russian Urals crude for May loading Biden orders release of 1 million barrels of oil per day from US strategic reserve for 6 months to tame gas prices Petrol and diesel prices hiked for the 1st time since November 2, 2021, LPG rates up too Indian Oil buys 3 million barrels Russian Urals crude via tender European nations remain biggest importers of Russian energy After IOC, HPCL buys 2 million barrel Russian crude, MRPL seeks 1 million barrel Indian Oil buys 3 million barrels of Urals for May loading – trade sources Russian oil: Indian refiners to tank up, eye bigger discounts in strategy shift