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India faces higher oil import costs as crude prices surge on West Asia supply risks - The Economic Times
International crude prices surged, impacting India's oil import bill and inflation. Escalating West Asia tensions raised concerns about global supply disruptions. India, a major oil importer, faces pressure on its trade balance and currency. Fuel retailers may experience margin pressure as crude prices cross USD 100. The disruption affects energy flows and petrochemical feedstocks across Asia.
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