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India's oil imports in May sink to lowest in over eight years

Updated : June 24, 2020 12:48 PM IST

In May, India imported 3.18 million barrels per day (bpd) of oil, a decline of about 31 percent from April and about 26 percent from a year ago, the data showed.
The refiners, which normally book cargoes one-to-two months in advance, also deferred some term cargoes scheduled for lifting in April.
India's oil imports in May sink to lowest in over eight years

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