Russian oil costs 34% more in India than in Russia as its price hits 4-year high: Report
Ashley Paul, Published on Mar 17th, 2026

Russian crude oil's cost in India hit $98.93/barrel on Friday, the highest since Russia's invasion of Ukraine, Argus Media's data showed. Russian oil's cost in India, which includes shipping costs too, is 34% higher than that in Russia, where it's available for $73.73/barrel. The discount on Russian crude that India gets also fell to $4.8/barrel, the lowest in 4 months.
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