Brief by Shorts91 Newsdesk / 07:09am on 02 Mar 2026,Monday India Global
India’s state-run refiners, led by Indian Oil, met government officials to plan for supply risks after fighting near the Strait of Hormuz slowed oil flows. The route carries nearly half of India’s daily crude imports. Officials said India has stocks that may last about two weeks, including reserves. One option is to buy more Russian crude. About 9.5 million barrels of Russian oil are in Asian waters, sources said. India had cut such imports under US pressure. Refiners are also seeking more supplies from Saudi Arabia and may adjust output to boost LPG for homes. (PC: HT)
