The Iranian regime has offered discounts on crude oil price and free shipping if India agrees to buy more of its oil despite the fact that the payment issue has not been resolved, PTT reported.
India has indicated that it may not meet the 11 million tonne oil import target from Iran this year and the regime is attempting to induce New Delhi to lift more oil.
Last year India bought 13.1 million tonne oil from Iran.
Sources said the Iranian regime has offered to give nominal discounts in price as well as free deliver of oil at Indian ports in its ships.
The Iranian regime already sells crude oil to India on a 90 day credit period. It is longer than 30 days that other sellers in the Middle East offer to buyers to pay for the crude oil.
Sources told PTT while refiners can raise purchase of Iranian oil, payment remains an issue. Iran has refused to accept full payments in rupee.
