India’s crude oil imports drop to near 18-month low in July
India’s crude oil imports fell 8.7% in July to 18.56 million metric tons month-on-month, the lowest level since February 2024, government data showed on Monday.
India is the world’s third-biggest oil importer and consumer, making this data a key indicator of the country’s oil demand.
On a yearly basis, crude oil imports fell 4.3% from 19.40 million tons in July 2024, according to data from the Petroleum Planning and Analysis Cell.
