India surpasses China to become biggest importer of Russian oil

Daily Current Affairs / India surpasses China to become biggest importer of Russian oil

Change Language English Hindi

Category : Business and economics Published on: August 24 2024

Share on facebook

India became the largest importer of Russian oil in beating China which reduced its purchases due to lower profit margins in fuel production.
Data on Indian shipments from trade and industry sources revealed that Russian crude imports increased by 12% year-on-year to 44% of India's total imports last month (July 2024), reaching a record high of 2.07 million barrels per day (bpd).

ITC becomes the first Indian company to receive global FSA 3.0 certification for wheat and paddy.
Read More....
HAL and GE Aerospace sign a landmark agreement for co-production of F414 jet engines in India.
Read More....
Government approves ₹91,000 crore Tata Semiconductor SEZ in Dholera, Gujarat.
Read More....
Bank of Baroda partners with Reliance Jio to launch ‘bob World Lite’ app for feature phone users.
Read More....
India and New Zealand signed a landmark Free Trade Agreement on April 27.
Read More....
Mumbai Cricket Association becomes first state body to introduce annual contracts for domestic cricketers.
Read More....
Lok Sabha introduces Constitution (131st Amendment) Bill for women’s reservation and delimitation.
Read More....
Scientists discover microorganisms can survive harsh Martian conditions in lab simulation.
Read More....
The government collaborates with Femina Miss India for “Vishwa Sutra – Weaves of India for the World”.
Read More....
Ministry of Coal to launch 15th Round of Commercial Coal Mine Auctions on April 17, 2026.
Read More....

India surpasses China to become biggest importer of Russian oil