The decline in imports meant that despite a spike in global crude oil prices, our total crude oil import bill fell by around 5% on an annualised basis in March. | Business News

The decline in imports meant that despite a spike in global crude oil prices, our total crude oil import bill fell by around 5% on an annualised basis in March. | Business News

US-Iran war and the indefinite closure of the Strait of Hormuz has led to India’s crude oil inventories declining by around 15%. This decline is since the US-Iran conflict erupted…