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India Plans to Strike Better Bargain in Oil Import Deal by Riding the Tide of Huge Demand

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India is trying to use its position as one of the world's biggest energy consumers to strike better bargains for its companies with oil exporting nations, in a marked change of approach under Prime Minister Narendra Modi.

Source:  ET

SNP Insights

With rising demand & raised import volume, India can get better price for oil from International market. This will enhance the profitability of Oil Refinery Companies with better Refinery Margin. Hence India strategy to boost its bargaining position in Oil Import agreement by leveraging its gigantic need, may turn out to be a success.

Source: SNP Infra Research