India's Oil Imports Surge in September

Monday, October 15, 2018

India's crude oil imports in September touched $10.91 billion, up 33.6 percent from a year ago, Indian government data showed on Monday.

Shipments of gold to India, the world's second-biggest buyer of bullion, rose 51.5 percent last month, the data from India's trade ministry showed.

India last week announced tariff hikes on several electronic items and communication devices, in a bid to rein in imports and bolster a weak rupee, but did not levy additional duties on gold to prevent increased smuggling of the precious metal.


(Reporting by Sankalp Phartiyal Editing by Euan Rocha)

Categories: Tankers

Related Stories

Port Snared in US-China Dispute, says Panama President

Asia Pacific Ports Collaborate Cross-Sector to Advance Hydrogen, E-Fuel Readiness

Russia Adds Four LNG Carriers to Fleet

Current News

Russian Attack Hits Port Infrastructure

Port Snared in US-China Dispute, says Panama President

US Naval Blockade Hammers Iran Oil Exports, Forces Floating Storage

BIMCO Adopts Time Charter Party to Target Emerging CO2 Trade

Subscribe for Maritime Logistics Professional E‑News