Trump's Venezuelan Oil Push: Cheaper Than Russian? Impact on India's Fuel Prices

• Donald Trump is actively marketing Venezuelan crude oil globally, urging countries like India to increase purchases.
• The US aims to control Venezuela's vast oil reserves, with earnings tied to buying American goods, under an "America First" strategy.
• Russian 'Urals' crude is becoming less competitive, and US tariffs on Russian oil imports are increasing, pushing India to diversify.
• Venezuelan oil could be $5 to $10 per barrel cheaper than Russian oil, potentially lowering global prices to $50 per barrel.
• If Venezuelan oil becomes readily available and cheaper, India, a major importer, could see a significant drop in petrol-diesel prices.

Why It Matters: Trump's push for Venezuelan oil could offer India cheaper crude than Russia, potentially lowering domestic fuel prices.