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India's oil imports rose to four-month high in August, shows data

Oil imports last month rose about 23% from July and about 6.2% from the same month last year

Topics
Oil imports | Crude Oil

Reuters 

oil, oil prices
Indian refiners mostly buy oil about two months ahead of processing

India's rose to a four-month high of about 4.2 million barrels per day in August, recovering from the near 1-year low hit in July, tanker data from trade sources showed, as some refiners plan to boost runs in anticipation of pent-up demand around the festival season.

last month rose about 23% from July and about 6.2% from the same month last year, the data showed. Indian refiners mostly buy oil about two months ahead of processing.

The sources declined to be identified as they are not authorised to speak to the media.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, September 22 2021. 00:16 IST
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