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India reported to have paid $22 billion more for fuel after Strait of Hormuz price shock

A study reportedly estimates that India incurred an additional $22 billion in fuel costs during a price shock linked to the Strait of Hormuz. The supplied headline does not establish the underlying disruption or its duration.

By DoomRadar · Published on DoomRadar .

Why it matters

Higher fuel costs could affect India’s economy and indicate wider exposure to energy-market shocks around a strategically important waterway.

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  1. $22 billion extra for fuel: India among countries which paid the most in Strait of Hormuz price shock, reveals study ↗livemint.com · Recorded source date: Aug 30, 2026, 6:46 AM UTC

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