IOC Chief Urges India to Expand Shipping Fleet

Indian Oil Corp chairman A S Sahney stated that India must expand its shipping fleet and storage capacity to maximize savings from discounted crude oil. High freight rates currently offset these price advantages for refiners.

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A worker stands next to a machine at an Indian Oil fuel station in New Delhi, India, March 6, 2026. REUTERS/Bhawika Chhabra

India must expand its shipping capacity to capture savings from discounted crude imports, INDIAN OIL CORP LTD Chairman A S Sahney said on Tuesday.