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Big relief for India amid Middle East war: America gives concession to buy cheap oil from Russia, crisis of petrol-diesel price hike averted

America has allowed to buy cheap oil from Russia till April 3. The crisis of petrol and diesel prices rising due to import of Russian crude has been averted for now. 9.5 million barrels of oil tankers waiting at sea will now come to India. Crude crosses $83 due to Middle East war, India will get a big support from 'discounted' oil to reduce pressure from Iran.