27-September-2026
Economy News
 
US tariffs could add up to $3.7 bn to India’s bill for replacing 1 mn bpd Russian oil
26-Sep-2026

India could face an additional $1.8-3.7 billion annual oil bill if it replaces just 1 million barrels per day (bpd) of Russian crude with supplies costing $5-10 a barrel more, highlighting the potential cost of any sharp shift in sourcing under US tariff pressure. Replacing around 2 million bpd could roughly double that impact, though the estimate is only a sensitivity calculation and not a forecast of the current price differential, said Natalia Katona, a UAE-based freelance commodity analyst.

News Source:- https://www.financialexpress.com/policy/economy/us-tariffs-could-add-up-to-3-7-bn-to-indias-bill-for-replacing-1-mn-bpd-russian-oil/4347522/?ref=hometop_hp