India raises Iran oil imports in April to highest since Oct 2016 as US sanctions loom
Updated : May 17, 2018 08:06 PM IST
Overall, India imported 4.51 million bpd in April, 2.5% higher than a year ago, the data showed.
India's Iranian imports rose by 49% from March and were 20% higher than a year ago, the data showed.
Iran exported a total 2.6 million bpd of crude in April, a record since the lifting of sanctions in January 2016, according to the news service for the country's oil ministry.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more