Russia is one of the largest oil-producing countries in the world, providing India with a significant portion of its oil imports.
By importing oil from Russia, India diversifies its sources of oil, which can help offset potential disruptions from other suppliers.
Stable and reliable oil supply from Russia can help reduce the impact of global oil price fluctuations on India's domestic fuel prices.
Additionally, importing oil from Russia may allow India to negotiate favorable pricing terms and long-term supply agreements, contributing to stable domestic fuel prices.
Overall, India's import of oil from Russia plays a role in stabilizing domestic fuel prices and ensuring adequate supply for the country's energy needs.
