India to build own fleet of oil tankers, aims to cut USD 8 Billion charter costs: Hardeep Puri

Mumbai (Maharashtra) [India], October 29 (ANI): India is planning a major shift in its energy shipping strategy by building its own fleet of oil tankers to reduce the massive freight costs currently paid to foreign vessel operators, Union Petroleum and Natural Gas Minister Hardeep Singh Puri announced on Wednesday.

Speaking at India Maritime Week 2025 in Mumbai, Puri revealed that India's three major oil marketin