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Indian refiners look to diversify crude sourcing
August 01, 2025
|The New Indian Express Kochi
AS US President Donald Trump on Wednesday announced a 25% reciprocal tariff on the import of Indian goods, domestic oil marketing companies (OMCs) say they are awaiting the outcome of ongoing bilateral trade talks with the US, which could lead to lower tariffs.
The oil refiners have said they have sufficient supply and can diversify their crude purchases upon receiving directives from the government. According to the officials, the companies are currently in a "wait and watch" mode, hoping that the trade talks will conclude favorably and that high tariffs may be reduced.
هذه القصة من طبعة August 01, 2025 من The New Indian Express Kochi.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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