Indian oil imports News
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India spent USD 119.2 billion in 2021-22.
It spent USD 13.7 billion in March alone, when oil prices surged to 14-year high.
India imported 212.2 million tonnes of crude oil in 2021-22, up from 196.5 million tonnes in the previous year.
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The US, once again, expressed its objection to New Delhi continuing business as usual with Russia amid the ongoing tension.
The US stands ready to support India in its any efforts to diversify its imports, White House press secretary Jen Psaki said.
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Iraq continued to be the top oil supplier to India in the April-June period. New Delhi shipped in 7.27 million tonnes of oil from Iraq, while shipments from Saudi Arabia totalled 5.22 million tonnes.
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India imported about 38 percent more oil from Iran in the eleven months to November as an easing of Western sanctions earlier in the year over Tehran`s disputed nuclear activities helped boost shipments, trade sources said.
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