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India Secures New Oil and LPG Sources, Bypassing Strait of Hormuz
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India Secures New Oil & LPG Suppliers, Bypassing Strait of Hormuz Risks
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News18
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27-03-2026, 07:38
India Secures New Oil & LPG Suppliers, Bypassing Strait of Hormuz Risks
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India accelerates new crude oil and LPG supply contracts amidst West Asian tensions and Strait of Hormuz disruptions.
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Negotiations with various countries, including Russia, are underway to secure energy at economically favorable rates.
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The Strait of Hormuz, critical for 40% of India's oil, faces disruptions due to US-Israel-Iran conflict, impacting global oil markets.
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India has diversified energy sources, increasing suppliers from 27 to 41 over 11 years, ensuring no fuel or gas shortage.
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Government assures LPG supply with a 25% domestic production increase and urges against panic buying.
Read Full Article on News18 in Hindi
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