India’s ONGC to keep buying Russian oil if prices economical, chair says

NEW DELHI (Reuters) -Indian explorer Oil and Natural Gas Corporation said on Friday its refining units will continue to buy Russian oil if available at economical prices.

“There is no sanctions on Russian oil as of now. We will continue to buy unless the government decides otherwise,” said A K Singh, chairman of ONGC.

ONGC’s two units Hindustan Petroleum Corporation Ltd and Mangalore Refinery and Petrochemicals Ltd regularly buy Russian oil for their refineries.

(Reporting by Nidhi Verma; Editing by Arun Koyyur)

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