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Two Indian companies to buy Iranian oil in November, says Pradhan

Indian Oil recently made some payments for Iran oil in rupees, says chairman

Petroleum Minister Dharmendra Pradhan
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Petroleum Minister Dharmendra Pradhan

Reuters New Delhi
Two Indian companies have placed orders to buy Iranian oil in November, oil minister Dharmendra Pradhan said on Monday, adding that India did not yet know if it would be granted a waiver from US sanctions on Iran.

India, the world's third-biggest oil importer, will buy 9 million barrels of Iranian oil in November, Reuters reported on Friday, citing two industry sources.

India was discussing its options to buy Iranian oil with all authorities, Pradhan said. US sanctions on Iranian oil purchases are due to take effect on Nov 4.

Acknowledging that higher retail fuel prices posed a challenge, Pradhan also said that

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