Middle East conflict pushes India to rethink LPG imports as OMCs continued to absorb price shocks
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India significantly diversified its LPG imports, tapping the US, Iran, and other nations to reduce Middle East dependence amid regional crisis. While state-run retailers absorbed price hikes, domestic consumption dipped due to tighter supplies and rising costs. The move, though ensuring continuity, highlighted ongoing import reliance and the need for a broader sourcing strategy to mitigate future geopolitical risks and market volatility. What's Your Reaction?
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