NEW DELHI: India’s oil imports rose 4.6 % in February from a year earlier to about 5 million barrels per day (bpd), according to tanker arrival data from shipping and industry sources.
India’s February imports on the basis of tanker arrivals were at a record high although some cargoes were discharged in March.
The share of Middle Eastern oil in India’s imports declined to about 63 % in February compared with about 70 % in the same month last year, although Iraq continued to be the top oil supplier to India, followed by Saudi Arabia. The share of South American and African oil rose in February, the data showed.
