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The Economic Times

Economy / The Economic Times

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Indian Oil rules out shift from Gulf crude despite regional conflict

Indian Oil Corp will continue using Gulf crude, it said citing freight advantages and refinery configurations. The company anticipates no immediate supply disruptions, feeling secure until September. Alternative shipping routes via the Cape of Good Hope are being prepared for Saudi crude. Indian Oil is not pursuing new long-term oil or gas contracts currently.

1 Aug 2026 1:43 pm