# Indian Oil Plans Slight Cut to Middle East Crude Deals

> Indian Oil to reduce Middle East crude purchases by 5% for 2027/28 amid Strait of Hormuz disruptions.
- Title: Indian Oil Plans Slight Cut to Middle East Crude Deals
- Summary: Indian Oil to reduce Middle East crude purchases by 5% for 2027/28 amid Strait of Hormuz disruptions. Indian Oil Corporation Ltd. plans a small cut to Middle…
- Keywords: indian oil, middle east crude, strait of hormuz, fiscal 2027/28, crude imports, freight rates, crypto, finance, Indian, Oil, Plans, Slight
- Source: TokenPost — https://tokenpost.com/news/business/37447
- Published: 2026-10-22T04:18:19+00:00
- Read time: 1 min
- Topics: indian oil, middle east crude, strait of hormuz, fiscal 2027/28, crude imports, freight rates, crypto, finance
## Indian Oil's Fiscal 2027/28 Plan
Indian Oil Corporation Ltd. expects to make a small cut to Middle Eastern crude bought through annual contracts in fiscal 2027/28.
## Strait of Hormuz Disruptions
Attacks on vessels in the Strait of Hormuz have constrained shipping availability, keeping freight rates near record highs.
## Refiner Adjustments
Some refiners shifted to spot purchases while producers offer delivered cargoes to cover higher freight costs.
## Key takeaway

Indian Oil Corporation Ltd. plans a small cut to Middle Eastern crude bought through annual contracts for fiscal 2027/28 due to shipping disruptions in the Strait of Hormuz.