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India Diversifies LPG Imports amid West Asia Conflict, OMCs Cushion Price Shock

India significantly diversified its liquefied petroleum gas (LPG) import sources during the West Asia conflict, sharply increasing purchases from the United States, Iran, and several other countries to reduce its dependence on Gulf suppliers, while state-owned oil marketing companies (OMCs) absorbed much of the rise in global prices to protect domestic consumers.

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