Oil price increase will add to India’s fiscal burden, losses for oil marketing co to prolong Posted on March 25, 2022 by cngpump India’s commodity imports from Russia and Ukraine are less than 2%. Major commodities imported from other countries include oil, gold, metals and chemicals Related posts: Rising oil prices to worsen fiscal burden for India’s economy: ICRA European nations remain biggest importers of Russian energy IEA fears global crude oil supply ‘shock’ over Russia sanctions Oil price falls below $100, eases pressure on oil marketing companies Crude oil price extends losses; Russia to fulfil supply contracts Fertiliser subsidy may exceed RE by Rs 10K cr; fiscal deficit to remain close to 6.9% in FY22 OPINION: Have the brakes failed as the rally in oil prices continues? Petrol, diesel price increase on wait-and-watch mode; CNG rates hiked Oil price falls 5 per cent, cools down from Russian oil shock rally Saudi Arabia says it is not responsible for high crude oil prices