Indian refiners are receiving significantly higher discounts on Russian Urals crude oil, with offers reaching up to $8 per barrel in January, a substantial increase from around $2 in October. This wider discount, attributed to sanctions on major Russian oil suppliers, helps India manage its import bill amidst a general decline in global oil prices. Despite a temporary dip in December imports, experts anticipate increased purchases from Russia due to its capacity to meet India's substantial import demand.