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India's Crude Oil Import Bill Soars 46% as Middle East Crisis Drives Up Prices

India paid $15.4 billion to import crude oil in September, up by 46% from the year-ago import bill of $10.5 billion, as international oil prices and the Indian import crude basket soared amid…

  • India's crude oil import bill surged 46% to $15.4 billion in September.
  • Middle East tensions drove up global oil prices and India's import costs.
  • Freight rates on crucial route from Ras Tanura to India tripled or quadrupled since conflict began.

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