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India’s oil import bill to balloon to $101-104 billion in 2024-25: ICRA
Credit: IndiaTimes- Published 2 weeks ago
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.