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The Economic Times

Economy / The Economic Times

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IEA's record oil release will ease pressure, say Indian refiners

Indian refiners anticipate easing oil supply pressures following a major international release. The speed of this release is key for India to secure needed barrels. Meanwhile, India received its first crude cargo from the Gulf since the Iran war began. Crude supplies from non-Hormuz routes are increasing, and the government is promoting alternative fuels.

13 Mar 2026 12:44 am