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Strait of Hormuz Oil Tankers: Government vs. Private & Trip Costs to India
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India's Oil Lifeline: Govt & Private Tankers Brave Hormuz War Zone, Costs Soar
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News18
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16-03-2026, 15:41
India's Oil Lifeline: Govt & Private Tankers Brave Hormuz War Zone, Costs Soar
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Strait of Hormuz, a critical oil route, is a dangerous war zone, but Iran permits Indian oil tankers to pass.
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India relies on both government (Shipping Corporation of India) and private (Great Eastern Shipping Company) tankers for crude oil and gas imports.
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Government vessels like Nanda Devi and Shivalik, and private ones like Jag Laadki, are among those navigating the dangerous strait.
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A single trip from the Gulf to India can cost 5-10 crore rupees, with war risk insurance premiums increasing by up to 500%.
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After a halt due to war, 'Operation Sankalp' and diplomacy have helped resume traffic, though 22 Indian tankers remain stuck.
Read Full Article on News18 in Hindi
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