Middle East, Russia crisis: India new ‘swing supplier’ for refined oil products. Can it sustain?

Aug 21, 2026 - 20:30
Middle East, Russia crisis: India new ‘swing supplier’ for refined oil products. Can it sustain?

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Oil products now account for a much larger share of India's exports to several destinations. India has about 258.1 million tonnes of installed refining capacity across 23 refineries. It is the fourth-largest refining centre globally after the US, China and Russia.

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