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India's crude oil imports surge 8% in February



India's crude oil imports surged 8% YoY in February, driven by the country's high fuel demand, which reached its highest level in over two decades. The rise in imports is expected to continue in the coming years, thanks to the strong economic growth and increased demand for crude oil. 

The country is also benefiting from cheaper Russian crude and rising temperatures, which have led to higher refinery runs and imports. The oil and gas sector in India is expected to continue growing at a rapid pace, providing a significant boost to the country's economy. Experts predict that the trend will continue, as India's energy needs continue to increase, driven by population growth, urbanization, and increasing vehicle ownership. 

The government's focus on expanding the country's refining capacity and increasing domestic production will further strengthen the sector, making it a key driver of India's economic growth in the years to come.

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