India’s June crude oil imports fell 13.4% from a 12 months earlier to their lowest due to the fact February 2017, consistent with authentic statistics.
Crude imports into the world’s third-largest oil importer fell to 16.87 million tonnes, which turned into also a extra than 10% drop from May’s 18.87 million tonnes, Reuters said bringing up cutting-edge government records.
June’s decline came amid the lack of Iranian oil elements as Washington tightened sanctions on Tehran.
In April, Trump management had said it might now not renew exemptions granted final year to customers of Iranian oil. India through May become Iran’s 2d-biggest oil purchaser after China.
Meanwhile, imports of oil products surged with the aid of approximately 20.4% from a year earlier, even as yr-on-yr exports slipped eleven.4% remaining month, the data confirmed.
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