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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

Explained: How Ukraine war is changing India's oil purchase

Oil India Ukraine Russia Moscow United States New Delhi

NEW DELHI: The ongoing war between Russia and Ukraine has compelled Indian oil refiners -- both central and private -- to significantly raise their intake of Russian oil.

India is one of the major oil importers in the world and buys 85% of its oil needs. Even though Russia caters to 2% of its total oil needs, the disruption to this trade route has been a major blow to oil imports.

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