NewsData.io24 Sept 2026, 11:53 pm ISTDelayed
IOCL pays record freight cost for crude oil shipment
What happened
- Indian Oil Corporation Ltd (IOCL) agreed to pay $47.75 million to charter a tanker for crude oil transport.
- This payment is for shipping oil from Mexico to Paradip.
Key terms explained
Financial terms from this story, in everyday words.
- Freight
- The cost paid for transporting goods.
Original source
NewsData.io
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