logo
New Delhi
New Cars
New Bikes
Go Green with EV
Used Cars
News & Reviews
Trending on c&b
Sell Your Car
Scrap Your Car
Pre-Delivery Inspection

Registered Office

ADDRESS
Mahindra First Choice Wheels Limited, 602, 6th Floor, Tower - B, Embassy 247, LBS Road, Vikhroli (West), Mumbai - 400083
CONTACT
+91 9606045096
EMAIL
contact@carandbike.com

Who We Are

About UsMerger Scheme CopyNCLT OrderInvestor RelationsTerms and ConditionsPrivacy Policy

Follow Us On

car&bike Youtubecar&bike Twittercar&bike Facebookcar&bike LinkedIn
© Mahindra First Choice Wheels Limited 2025. All rights reserved.

Our Offerings

  • New Cars
  • New Bikes
  • Electric Cars
  • Electric Bikes & Scooters
  • Used Cars
  • Compare Cars
  • Compare Bikes
  • Sell Car
  • Scrap Car
  • Pre Delivery Car Inspection

News & Reviews

  • Latest News
  • Car News
  • Bike News
  • car&bike Reviews
  • Car Reviews
  • Bike Reviews
  • Videos
  • Knowledge Center

Popular Car Brands

  • Maruti Suzuki
  • Tata
  • Hyundai
  • Honda
  • Mahindra
  • Kia
  • BMW
  • Volkswagen
  • Mercedes
  • Land Rover

Popular Car Models

  • Mahindra Thar
  • Kia Seltos
  • Land Rover Defender
  • Hyundai Exter
  • Grand Vitara
  • Toyota Innova Crysta
  • Kia Sonet
  • Range Rover
  • Toyota Fortuner
  • Maruti Suzuki Dzire

Popular Bike Brands

  • Royal Enfield
  • Hero
  • Yamaha
  • BMW Bikes
  • Jawa
  • Honda
  • Bajaj
  • Ola Electric Bikes
  • KTM
  • Harley Davidson

Popular Bike Models

  • Yamaha MT 15
  • Classic 350
  • Royal Enfield Hunter 350
  • Continental GT 650
  • Bajaj Pulsar 150
  • Hunter 350
  • Honda SP 125
  • Bullet 350
  • YZF R15 V4.0
  • Bajaj Pulsar 125
  • Latest News
  • Latest Reviews
  • Car News
  • Bike News
  • Car Reviews
  • Motorsport
  • Bike Reviews
  • Electric

India's Reliance Buys At Least 15 Million Barrels Of Russian Oil - Report

Indian refiners have snapped up the cheap barrels of Russian crude as India, the world's third-biggest oil importer and consumer, is hit hard by high oil prices.
car&bike Team
car&bike Team
1 min read
2022-04-22 23:16:17
Follow us on
India's Reliance Buys At Least 15 Million Barrels Of Russian Oil - Report

Reliance Industries Ltd, operator of the world's biggest oil refining complex, has ordered at least 15 million barrels of Russian oil since Russia invaded Ukraine in February, trade sources said.

Reliance has bought an average 5 million barrels a month for the June quarter, the sources said.

Reliance did not immediately respond to a Reuters' email seeking comment.

Before the Ukraine war, Indian refiners, including Reliance, rarely bought Russian oil owing to high freight costs.

But Western sanctions against Russia since its Ukraine invasion, which Moscow calls a "special operation", have prompted many oil importers to shun trade with Moscow, depressing its crude prices to record discount levels.

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% of its 5 million barrels per day oil needs.

While New Delhi has called for an immediate ceasefire in Ukraine, it has not explicitly condemned Moscow's actions. India has also abstained from voting on multiple United Nations resolutions on the invasion.

Refinitiv's tanker flow data shows a supply of about 8 million barrels of Russian oil, mainly Urals, at the Reliance-operated Sikka port in western India, for arrival between April 5 and May 9.

Most of these barrels are supplied by Russian trader Litasco, the Refinitiv data shows.

Traders said Reliance is buying Russian oil on delivered basis.

Reliance is scheduled to received its first parcel of Russia's ESPO oil in early May, the Refinitiv data shows. This grade is mostly supplied to China.

Billionaire Mukesh Ambani's Reliance operates two refineries at the Jamnagar complex in western India that can process about 1.4 million barrels per day (bpd) of oil daily.

(Reporting by Nidhi Verma. Editing by Jane Merriman)

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

# crude oil demand# Crude Oil# Crude oil import# Auto Industry

Related News

Oil Up 2% As Dollar Weakens On Small US Fed Rate Hike
0 mins read
Oil Up 2% As Dollar Weakens On Small US Fed Rate Hike
Oil Settles Down On Worries Over European Banks, U.S. Crude Reserve
0 mins read
Oil Settles Down On Worries Over European Banks, U.S. Crude Reserve
Oil Drops 1% As US In No Rush To Refill Strategic Reserve
0 mins read
Oil Drops 1% As US In No Rush To Refill Strategic Reserve
Factbox: The Battle Over Russia's Crude And Oil Products
0 mins read
Factbox: The Battle Over Russia's Crude And Oil Products
India's February Crude Oil Imports Jump To Meet Growing Demand
0 mins read
India's February Crude Oil Imports Jump To Meet Growing Demand

Latest Cars

  • Skoda Octavia RS
    Skoda
    Octavia RS
    Ex-showroom Price
    ₹ 49.99 Lakh
  • Maserati MCPura
    Maserati
    MCPura
    Ex-showroom Price
    ₹ 4.12 - 5.12 Crore
  • Mahindra Bolero Neo
    Mahindra
    Bolero Neo
    Ex-showroom Price
    ₹ 8.49 - 9.99 Lakh
  • Mahindra Bolero
    Mahindra
    Bolero
    Ex-showroom Price
    ₹ 7.99 - 9.69 Lakh
  • Mahindra Thar
    Mahindra
    Thar
    Ex-showroom Price
    ₹ 9.99 - 16.99 Lakh
  • Citroen Aircross X
    Citroen
    Aircross X
    Ex-showroom Price
    ₹ 8.29 - 13.69 Lakh
  • Maruti Suzuki Victoris
    Maruti Suzuki
    Victoris
    Ex-showroom Price
    ₹ 10.5 - 19.99 Lakh
  • VinFast VF7
    VinFast
    VF7
    Ex-showroom Price
    ₹ 24.23 - 29.57 Lakh
  • VinFast VF6
    VinFast
    VF6
    Ex-showroom Price
    ₹ 19.13 - 21.22 Lakh
  • Citroen Basalt X
    Citroen
    Basalt X
    Ex-showroom Price
    ₹ 7.95 - 13.11 Lakh

Upcoming Cars

  • Audi New A5
    Audi New A5
    Expected Price
    ₹ 20 - 60 Lakh
    Launch Date: 2025-10-29
  • Hyundai Ioniq 6
    Hyundai Ioniq 6
    Expected Price
    ₹ 60 - 65 Lakh
    Launch Date: 2025-10-29
  • Mahindra Scorpio X
    Mahindra Scorpio X
    Expected Price
    ₹ 15 - 25 Lakh
    Launch Date: 2025-10-31
  • Hyundai New Venue
    Hyundai New Venue
    Expected Price
    ₹ 8 - 12 Lakh
    Launch Date: 2025-11-04
  • Mahindra BE.05
    Mahindra BE.05
    Expected Price
    ₹ 25 - 30 Lakh
    Launch Date: 2025-11-12
  • Jeep Avenger
    Jeep Avenger
    Expected Price
    ₹ 25 - 30 Lakh
    Launch Date: 2025-11-15
  • Kia EV4
    Kia EV4
    Expected Price
    ₹ 15 - 20 Lakh
    Launch Date: 2025-11-18
  • MG 7
    MG 7
    Expected Price
    ₹ 24 - 25 Lakh
    Launch Date: 2025-11-18
  • Volkswagen Tera
    Volkswagen Tera
    Expected Price
    ₹ 25 - 40 Lakh
    Launch Date: 2025-11-20
  • Nissan Small Electric SUV
    Nissan Small Electric SUV
    Expected Price
    ₹ 12 - 18 Lakh
    Launch Date: 2025-11-25
Explore Other Topics
Trending NewsCar NewsElectric Car NewsBike NewsComparisonsMotorsportsUpcoming Car News

Trending News

  • Nissan MPV Based On Triber Platform: All We Know So Far
    2 mins read
    Nissan MPV Based On Triber Platform: All We Know So Far
  • New Hyundai Venue To Get Diesel Automatic Option
    2 mins read
    New Hyundai Venue To Get Diesel Automatic Option
  • Kawasaki KLE500 Unveiled
    2 mins read
    Kawasaki KLE500 Unveiled
  • Hyundai Venue New vs Old: Exterior, Interior, Features
    4 mins read
    Hyundai Venue New vs Old: Exterior, Interior, Features
  • New-gen Kia Telluride Teased Ahead Of Los Angeles Auto Show Debut
    2 mins read
    New-gen Kia Telluride Teased Ahead Of Los Angeles Auto Show Debut
  • 2026 Hyundai Venue: In Pictures
    2 mins read
    2026 Hyundai Venue: In Pictures
  • 2026 Ducati Monster Unveiled; India Launch by Mid Next Year
    1 min read
    2026 Ducati Monster Unveiled; India Launch by Mid Next Year
  • New Hyundai Venue Revealed Ahead Of November 4 Launch: Engine Options, Variants Detailed
    5 mins read
    New Hyundai Venue Revealed Ahead Of November 4 Launch: Engine Options, Variants Detailed
  • Maruti Suzuki Jimny 5-Door Exports Cross 1 Lakh Units
    1 min read
    Maruti Suzuki Jimny 5-Door Exports Cross 1 Lakh Units

Latest News

  • NewsNews
  • Expert ReviewExpert Review
View All
  • Nissan MPV Based On Triber Platform: All We Know So Far
    car&bike Team | Oct 25, 2025
    Nissan MPV Based On Triber Platform: All We Know So Far
    Nissan will launch its badge-engineered version of the Renault Triber in India in early 2026. The upcoming MPV has now been spotted testing on Indian roads for the first time.
    2 mins
  • New Hyundai Venue To Get Diesel Automatic Option
    Jafar Rizvi | Oct 25, 2025
    New Hyundai Venue To Get Diesel Automatic Option
    The 1.5 litre diesel AT will be offered in two trims: HX5 and HX10.
    2 mins
  • Kawasaki KLE500 Unveiled
    Jafar Rizvi | Oct 25, 2025
    Kawasaki KLE500 Unveiled
    The KLE500 bridges the gap between the Versys-X 300 and the Versys 650 in Kawasaki’s portfolio
    2 mins
  • Hyundai Venue New vs Old: Exterior, Interior, Features
    Jafar Rizvi | Oct 25, 2025
    Hyundai Venue New vs Old: Exterior, Interior, Features
    The new-gen Venue has been unveiled, and it is a complete departure from the outgoing model. What all has changed? Let’s find out.
    4 mins
  • New-gen Kia Telluride Teased Ahead Of Los Angeles Auto Show Debut
    Bilal Firfiray | Oct 24, 2025
    New-gen Kia Telluride Teased Ahead Of Los Angeles Auto Show Debut
    Entering its second generation, the 2027 Kia Telluride will officially debut on November 20th. Likely to get a hybrid powertrain
    2 mins
  • 2026 Hyundai Venue: In Pictures
    car&bike Team | Oct 24, 2025
    2026 Hyundai Venue: In Pictures
    The Venue, in its second generation, gets a complete overhaul in and out. Let’s take a closer look at it.
    2 mins
  • TVS Apache RTX First Ride Review: Tech-Packed & Adventure Ready
    Preetam Bora | Oct 19, 2025
    TVS Apache RTX First Ride Review: Tech-Packed & Adventure Ready
    TVS enters the growing adventure touring segment with the new Apache RTX with an attractive starting price of ₹ 1.99 Lakh (Ex-showroom). Is it worth considering? Read on, to find out.
    8 mins
  • Eurogrip Tread Talks 2025: Tyre Tales
    Janak Sorap | Oct 17, 2025
    Eurogrip Tread Talks 2025: Tyre Tales
    A factory tour on what goes into making two-wheeler tyres at Eurogrip’s Madurai plant, followed by a scenic ride to Kodaikanal.
    4 mins
  • Ferrari 12Cilindri India Review: Straight From The Heart
    Shams Raza Naqvi | Oct 22, 2025
    Ferrari 12Cilindri India Review: Straight From The Heart
    We’ve driven the latest 12-cylinder powerhouse from Ferrari on Indian roads. Is this the ultimate GT Coupe to come to our market?
    7 mins
  • Royal Enfield Guerrilla 450 Vs Bajaj Dominar 400 Comparison Review
    Preetam Bora | Oct 10, 2025
    Royal Enfield Guerrilla 450 Vs Bajaj Dominar 400 Comparison Review
    Roadster or sport tourer? And to answer that question we have the Royal Enfield Guerrilla 450 in a head-to-head comparison with the 2025 Bajaj Dominar 400.
    1 min
  • Tata Harrier EV Road Test: Big, Bold, and Brilliantly Electric
    Bilal Firfiray | Oct 8, 2025
    Tata Harrier EV Road Test: Big, Bold, and Brilliantly Electric
    We test the new Tata Harrier EV to find out how far it can really go. Real-world range, driving impressions, features, verdict, and everything else. We got you covered.
    5 mins
  • Home
  • News
  • Auto Industry
  • India's Reliance Buys At Least 15 Million Barrels Of Russian Oil - Report