NEW DELHI, April 24 (Reuters) - Indian companies
"sometimes" face delays in paying for Russian oil priced above
the $60 cap per barrel fixed by the Western nations, India's oil
secretary Pankaj Jain said on Monday.
"Nobody stops us from buying Russian oil at above the price
cap level provided. We are not using western service," Jain told
reporters on the sidelines of an event.
In case of Russian oil priced above the cap, the companies
on their own manage to find alternative mechanisms to settle
payments, he said, adding most Russian oil supplies to India are
made at below the price cap level.
He also said India is seeking to buy oil at discounts from
other countries depending on grades.
India has significantly increased oil imports from Russia
since the beginning of the conflict in Ukraine.
(Reporting by Nidhi Verma in New Delhi; Editing by Nivedita
Bhattacharjee)
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
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