From NDTV
Center-Right Owned by Adani Group (AMG Media)Freight Shock: Indian Refiners Face Up To $20/Barrel Shipping Bill, Margins Hit
RSS excerpt
Indian oil refiners are facing shipping costs of $12-$20 per barrel, up from $8-$10, as Strait of Hormuz congestion and shipment diversions increase crude transportation expenses and pressure refining margins.