The global energy landscape is undergoing a major transformation, and India is at the heart of this shift. While the United States continues to impose a steep 50% penal tariff on Indian goods, Russia has stepped up its support for New Delhi by extending generous oil discounts. This contrasting approach has significant implications for Indian Oil Marketing Companies (OMCs) such as ONGC, HPCL, and Reliance Industries, which are poised to benefit from Russia’s strategic move. Why the US is Reluctant to Ease Tariffs The US penal tariffs on India were…
Read MoreUS Tariffs vs Russia Discounts: How India’s Oil Giants Stand to Gain
