Fresh US sanctions on Russia to have little impact on India; prices to remain settled at $75-85: IOC Chairman Sahney

Indian Oil Chairman Arvinder Singh Sahney affirmed that American sanctions on Russia will have a limited impact on India’s energy needs, citing multiple sources of crude supply. He projected crude prices to remain between USD 75-80 per barrel. Sahney mentioned IOC’s ongoing city gas distribution expansion and plans for a green hydrogen plant at Panipat within two years.

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