India's Oil Imports Surge in September

October 15, 2018

© 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)

Logistics News

Ukraine Offers Russia Truce in Black Sea

Ukraine Offers Russia Truce in Black Sea

Revised Jones Act Waiver Takes Effect August 17

Revised Jones Act Waiver Takes Effect August 17

Port of Los Angeles Increases Clean Ship Incentives

Port of Los Angeles Increases Clean Ship Incentives

Explosion at Rotterdam Port Energy Facility Kills One

Explosion at Rotterdam Port Energy Facility Kills One

Subscribe for Maritime Logistics Professional E‑News

CK Hutchison’s halted Panama port operation weighs on earnings
The largest grain terminal in Russia, Novorossiysk KSK, has suspended operations
Stalled Alaska LNG pipeline bill sends 'negative signal,' governor says