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India's Oil Imports from Strait of Hormuz at 30%: Will Fuel Prices Avoid a Hike?
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India's Petrol Prices Safe? Diversified Imports Counter Hormuz Strait Impact
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News18
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10-03-2026, 16:57
India's Petrol Prices Safe? Diversified Imports Counter Hormuz Strait Impact
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Petrol-diesel prices unlikely to rise despite gas price hike, government sources confirm.
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Only 30% of India's oil imports were via Strait of Hormuz; 70% now from alternative routes.
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India has diversified its supply chain, securing oil and gas from new countries.
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Government assures sufficient gas stock and 70-74 days of petrol-diesel reserves.
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Three-member committee formed to address public concerns and prevent black marketing.
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