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Indian refiners may reduce oil imports as crude prices soar, rupee struggles

Updated : September 24, 2018 11:20 AM IST

The soaring import costs are becoming a headache for Prime Minister Narendra Modi's government ahead of general elections next year.
Indian refinery officials met on September 15 in Mumbai to discuss options for dealing with the rising oil prices which have been exacerbated by the declining rupee, said the two sources who attended the meeting.
Indian refiners may reduce oil imports as crude prices soar, rupee struggles
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