India's strong crude oil refining capacity helped reduce the impact of the recent West Asia-led energy crisis on the domestic economy by avoiding the need for large-scale imports of refined petroleum products, according to a report

India's strong crude oil refining capacity helped reduce the impact of the recent West Asia-led energy crisis on the domestic economy by avoiding the need for large-scale imports…

India faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augmenting strategic reserves, currently…