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Middle East conflict raises oil costs for Indian refiners
IndiaRussia
First seen: Aug 19, 2026, 6:31 AM UTCUpdated: Aug 19, 2026, 6:31 AM UTC
WHAT HAPPENED
Indian refiners are reportedly being forced to buy oil at a premium as discounts on Russian crude disappear amid the Middle East conflict.
SO WHAT?
Higher crude costs could increase pressure on India’s refining sector and fuel prices while adding to wider energy-market disruption.
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