Buy cheap Russian oil then >
Last week, the Indian government announced that it will introduce export duties on supplies of jet fuel, petrol and diesel to ensure adequate domestic supply.
India is the world’s fourth-largest refiner with an output of around 6m barrels per day (bpd).
It is also a significant swing exporter, shipping 1.5m bpd of high-specification clean products east or west as pricing signals dictate.
I would cut aid to India by the amount of the "gouging"