Markets

India cuts Iran oil imports by 42pc in April from March

Published May 14, 2014 Updated May 14, 2014 01:51pm

NEW DELHI: India's oil imports from Iran in April declined 42 percent from the previous month, data obtained from trade sources and compiled by Thomson Reuters Oil Analytics showed.

In the January-April period, India imported about 49.4 percent more oil from Iran than a year ago, as refiners stepped up purchases after the ease in sanctions against Tehran, the data showed.

For a story see: The following table shows India's imports by country according to tanker discharge information.

Imports include condensate.

Volumes are in '000 bpd.