ReferIndia News Asia's Largest Oil Buyers Running Low On Hormuz Alternatives

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Asia's Largest Oil Buyers Running Low On Hormuz Alternatives

Published on: April 22, 2026, 7:46 a.m. | Source: NDTV Profit

India leans on the Gulf not only for crude but for liquefied petroleum gas, used for cooking, where shortages have been acute. With limited stockpiles, the world's third-largest oil importer has cranked up Russian shipments to fill the gap, largely protected by US waivers.

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