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India’s Oil Import Dependence Climbs to Nearly 89% as Domestic Output Lags

ports_congestion UTC: 2026-02-24 09:30:00

India is growing more dependent on imports of crude oil, with the total share of imports in its oil consumption reaching 88.6% over the first ten months of its current fiscal year, which ends on March 31. The data, from the country’s Petroleum Planning & Analysis Cell, a divis...

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