Indian buyers, significant consumers of Urals crude, especially post the Ukraine invasion, have no intentions of moving away from Russian oil, even as the discount on global benchmarks narrows, India’s PM said. The primary reasons for this decision are the affordability of Russian oil and the measures implemented by the PM to manage energy inflation. Initially, Russian crude’s discount to the Dubai benchmark was around USD 20 on a delivered basis, but that gap has now reduced to approximately USD 8.