Explained: How have India's crude import sources changed over time?

The top three countries have changed significantly before and after the military action in Ukraine

Photo: Bloomberg

Photo: Bloomberg

Sachin P Mampatta Mumbai
India’s crude oil imports are coming in from a changing mix of countries, with the top three accounting for around 60 per cent of total imports.

Russia emerged as the largest source of crude oil imports for India in June, as per the latest available data from the Organization of the Petroleum Exporting Countries (OPEC). The data which is released with a lag, showed that Russian imports accounted for 24 per cent of the total crude imports into the country. The others including Iraq and Saudi Arabia account for another 36 per cent (see chart 1).


First Published: Sep 07 2022 | 06:30 AM IST

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