India's crude oil imports from US dip by one million tonnes in June quarter

At the same time, share of Russian oil in India's crude basket rose from 2.2% in FY22 to 12.9% in the first quarter of FY22

Oil has surged this year on rising demand and the complex global fallout from Russia’s invasion. (Photo: Bloomberg)

During the June quarter, crude oil imports from Russia ($3.02 billion) contributed 71 per cent of the total imports from the country ($4.2 billion).

New Delhi
India slashed its crude imports from the US by around one million metric tonnes (MT) in the June quarter of FY23 while it ramped up imports of the discounted crude

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First Published: Aug 24 2022 | 8:15 PM IST

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