India’s oil imports from Russia rebound in November on Diwali demand
India’s Russian oil imports rebounded in November after several plants came back online from planned maintenance and as fuel consumption rose during the Diwali festive season, preliminary data from ship-tracking firms Kpler and Vortexa showed.
The world’s third-biggest importer and consumer of oil has boosted purchases of Russian oil sold at a discount after imports from Russia were shunned by some Western countries following its invasion of Ukraine last year.
Data from Kpler and Vortexa showed a 9% and 5% rise in India’s monthly intake of Russian oil in November from the previous month to 1.73 million barrels per day (bpd) and 1.68 million bpd, respectively.
