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Free transportation of crude oil to India to stop Iran, fuel prices likely to increase
By: Agency | Last Updated: Thursday, May XII 2016 10:43 PM
       
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Free transportation of crude oil to India to stop Iran, fuel prices likely to increase
New Delhi, India, Iran stopped crude oil transportation is free. The news could be worse for the common man because of Iran to India after crude oil prices free shipping may be off. Oil Minister Dharmendra Pradhan Stating this in the Rajya Sabha on Wednesday that Iran's decision after the Mangalore Refinery (MRPL) and transportation companies like Essar Oil has been asked to arrange themselves.

What impact Indian companies
Sanctions on Iran since 2013, which began in November 2013 following the Indian refiners of crude oil were offered free transportation. Because of these restrictions, Iran, India fare that oil did not, due to restrictions imposed by the West because its oil exports was reduced, and yet he was not the customer. Fear of sanctions by shipping lines transporting crude oil from Iran refused, so Iran shipping line to supply used and not charged for it. But now that the sanctions on Iran over Iran, Indian oil companies have yet to get into the crude oil was cheap, it will not be now. The recent ban on Iran in January are over.

Oil Minister Dharmendra Pradhan told parliament that Iran stopped crude Free shipping of crude oil and the refining companies will arrange their own freight. So far Iran had sent oil to India itself and took half the rent. Indian refineries of Iran at $ 650 million (Rs 43,000 crore) is due to pay Iran in euros.

Dharmendra Pradhan told the Rajya Sabha that "April 2016, National Iranian Oil Company (Anaiosi) MRPL and Essar Oil companies have informed the importer that the future supply of free-on-board (FOB) basis would be. Free on Board of Trade is a term provided by the seller ships the goods to the buyers have to give delivery. Managing the transportation of crude oil, the Indian companies will have a buyer. It is believed that the oil companies can have on the burden of increased costs