India's oil imports from Iran down 57% in April
NEW DELHI: India’s oil imports from Iran fell about 57 per cent year-on-year in April, according to tanker arrival data seen by Reuters, the last month when New Delhi was allowed to load Iranian oil ahead of US sanctions stopping purchases of oil from the Opec member.
India, Iran’s top oil client after China, shipped in about 277,600 barrels per day (bpd) of oil from Tehran in April, down about 31.5 per cent from the previous month, preliminary tanker arrival data from shipping and industry sources showed.
The United States introduced sanctions in November but gave a six-month waiver to eight nations, including India, which allowed them to import some Iranian oil.
India was allowed to buy an average 300,000 bpd of oil during November-April, but actual volumes varied from month to month due to lack of ships after foreign shipping lines backed out of Iranian deals under pressure from US sanctions.
In April, Washington asked buyers of Iranian oil, mostly in Asia, to halt purchases or face sanctions.
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Surendranath Mudaliyar - 18 hours ago -Follow
Nothing to worry about...Modi/Yogi & Pragya are working on a new fuel using Gaumutar....
Jai - Mumbai - 18 hours ago -Follow
So our brave PM's 56 inch chest reduced by 57% and is now 32 inch. Another shout from Americans and it will deflate to 0 inch.
Vladimir - NYC - 17 hours ago -Follow
United States has deflated Modi’s 56 inch boooobs
Adhyatm Dixit - 18 hours ago -Follow
We should not bow down to the US pressure ever to stop buying Irani oul. Why should US dictate terms to us. Either they should give us cheap oil.
Jumla Expert - 18 hours ago -Follow
Liquid Nala Gas production is picking up.
John Thomas Edison - Mysuru - 17 hours ago -Follow
shame india succumbed to US. now only gomoothra /modi muthra is the hope
Dev Verma - 17 hours ago -Follow
India did well to bargain its position on chabahar, its not as if our whole diplomatic ties are cut with Iran... This tyranny of US will not go for long, India need to protect its own interests first... Now rising fuel prices wont help us either, there is need for us to reduce dependence on energy from other countries.. Govt need to be more proactive in implementation of e-vehicles and look for other after alternatives as well..
Mudi - Gujriot - 18 hours ago -Follow
Seems modi is scared of Trump
Deepak Vohra - 18 hours ago -Follow
MODI/BJP ARE COWARDS AND SLAVES LICKING SHOES OF THEIR WHITE USA MASTERS
funny india - GERMAN - 9 hours ago -Follow
hahahahahahahhaha india feku modi been kicked again hahahahahhaahha
Dinesh Berry - 9 hours ago -Follow
India should explore its own oil and should stop depanding on other countries, we all should pray for it!
pravin mhapankar - 12 hours ago -Follow
Indian Oil Policy must be control by Indian Government and not by USA. Today we required tough government and not who bend before another country.
Ravi - 17 hours ago -Follow
India was never dependant on 1 country. Its chance to work with those countries who are really willing to work with.
Verma Suresh - CHANDIGARH - 18 hours ago -Follow
Now US will sell oil to India on higher prices and more transporting costs.
Mark Quinn - 18 hours ago -Follow
Time for India to negotiate with Iran. Pay to Iran against Indian Rupees. Sign a 99 year old lease for exclusive use of Gwadar port. It''s a selfish World, nobody cares about anyone. Why should India care welfare of US.
Hemant - Ghaziabad - 4 hours ago -Follow
U.S. sanctions came into effect in November 2018 intended to force Iran to dramatically alter its policies in the region, including its support for militant groups in the region and its development of ballistic missiles
Anis Shaikh - 7 hours ago -Follow
Fuel price will definitely increase.
Modi Mukt Bharat - Aurangabad - 9 hours ago -Follow
Looks like 56'' inches chest becomes a Mouse of America....Shame on you Modi to keep inflation up on middle and lower class indians only to please America....
Sehra Bindal - 11 hours ago -Follow
Trump sanctions are working looks like
Rakesh - 14 hours ago -Follow
So we can't buy oil from Iran, US is not going to help with oil price and if we buy from another country that will cost more and no actual plan for solar panels and electric cars. We are doomed.
A - India - 15 hours ago -Follow
India's interest is in cooperation with USA. Iran has to introspect. When Modi went to Israel, Khamenei spoke against India on Kashmir. Iran also acts in its own interests.
Rafael Federer - 16 hours ago -Follow
Hmm India coming under the pressure of US is clearly evident. I don''t see Iran doing anything wrong to get these many sanctions.
Bhari Kaam - 17 hours ago -Follow
Electric buses and trucks!!
Vikas Manchanda - 17 hours ago -Follow
Why do we and the entire world succumbs to USA pressure ?
Fun Run - 18 hours ago -Follow
That''s sheer pressure from Trump over Feku... He has warned India to dire consequences if import not reduced... Feku ki fatti
Jack - 18 hours ago -Follow
West Asian and North African Countries treat INDIANS like Slaves and Don't Give Citizenship even After Working there after 10 Years .
Jack - 18 hours ago -Follow
INDIA Should import Crude Oil from Russia, Canada, Netherlands, Venezuela and USA .