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India has sharply increased its Russian oil purchases, buying nearly 30 million barrels after receiving a temporary U.S. waiver, according to a Bloomberg report. The move comes as the West Asia conflict disrupts Middle Eastern energy supplies and shipping through the Strait of Hormuz. Indian refiners, including Indian Oil Corp and Reliance Industries, reportedly bought unsold Russian crude already moving through Asian waters. While the government denies earlier claims of reducing Russian imports, the latest purchases aim to secure energy amid global supply uncertainty. Meanwhile, fears of LPG shortages have triggered panic buying in several cities, though authorities insist domestic fuel supplies remain stable and sufficient. #BreakingNews #IndiaRussiaRelations #OilImports #RussianCrude #IndianOilCorp #HardeepSinghPuri #RelianceIndustries #MiddleEastConflict #StraitOfHormuz #LPGShortage #CookingGas ----------------------- Thank You for watching! Do not forget to Like | Comment | Share ----------------------- About the channel Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others. Follow us at: Website: https://www.businesstoday.in WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I Facebook: / businesstoday Twitter: / business_today Instagram: / business_today