India’s oil import bill to balloon to $101-104 billion in 2024-25: ICRA
Tuesday, 30 April 2024 ()
India's net oil import bill could widen to $101-104 billion in FY2025, with any escalation in the Iran-Israel conflict potentially impacting import values, according to ICRA. Reduction in Russian oil imports has led to savings, but persisting low discounts may increase import costs.
India's net oil import bill could widen to $101-104 billion in FY2025, with any escalation in the Iran-Israel conflict potentially impacting import values, according to ICRA. Reduction in Russian oil imports has led to savings, but persisting low discounts may increase import costs.
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