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Monday, August 19, 2019

Maritime Logistics Professional

October 15, 2018

India's Oil Imports Surge in September

© jorisvo / Adobe Stock

© jorisvo / Adobe Stock

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)

communication devicescrude oil importsIndian government