You are here: Home » Companies » News
Business Standard

India's April oil imports from Iran highest since Oct 2016 as US curbs loom

Overall, India imported 4.51 million bpd in April, 2.5 percent higher than a year ago, the data showed

Nidhi Verma | Reuters  |  New Delhi 

India's oil imports from Iran surged to 640,000 barrels per day (bpd) in April, its highest level since October 2016, according to data from shipping and industry sources, as refiners raised purchases ahead of looming U.S. sanctions against Tehran. Overall, India imported 4.51 million bpd in April, 2.5 percent higher than a year ago, the data showed. India's Iranian imports rose by 49 percent from March and were 20 percent higher than a year ago, the data showed. The country is the Iran's second-biggest buyer of crude after China. State refiners have raised their ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, May 17 2018. 18:33 IST
RECOMMENDED FOR YOU