NEW DELHI (Dispatches) - India’s crude oil imports from Iran jumped 10.19 percent to 1.73 million tons in September this year, government data showed.
India is among the largest importers of Iranian crude oil and the jump in imports comes amid increasing pressure from the United States on Iran’s oil customers to cut purchases.
Cumulatively, oil imports by India from Iran in the first six months (April to September) of the current financial year increased 39 per cent to 15.05 MT from 10.84 MT imported in the corresponding period a year ago, fresh data sourced from the Directorate General of Commercial Intelligence and Statistics (DGCIS), an arm of the ministry of commerce and industries, showed.
In value terms, India imported $0.91 billion worth of crude oil from Iran in September alone, a 60 percent jump over $0.57 billion worth of crude imported in the same month last year. Cumulatively the value of oil imports from Iran between April and September 2018 more than doubled to $7.74 billion from $3.84 billion in the corresponding period last year.