BusinessPhoto: News18Hi BusinessIndia's Crude Oil Imports Hit Record 5.6 Million Barrels Daily
Despite disruptions in oil flow through the Hormuz Strait amid the Iran war, India diversified its crude oil imports extensively. In October, total imports reached a record high of 5.6 million barrels per day. India now sources oil not only from West Asia but also from Russia, the US, and Venezuela, reducing dependency on any single region.
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