India imports 88% of its crude. Why then is it not seeing massive price hikes for fuel and LPG?
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India imports 88% of its crude. Why then is it not seeing massive price hikes for fuel and LPG?

India imports 88% of its crude. Why then is it not seeing massive price hikes for fuel and LPG?
Same desk, different stories

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A US-sanctioned tanker carrying Iranian crude oil, initially bound for India, has rerouted to China. Payment issues appear to be the primary driver for this change, as sellers are reportedly tightening credit terms.…