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).

NPC will celebrate its 68th Foundation Day on 12 Feb 2026 and observe National Productivity Week focused on MSME cluster growth.
Read More....
The Centre launched White Revolution 2.0 to boost dairy cooperatives and raise milk procurement by 50% by 2028–29.
Read More....
A copper artefact in Egypt has been reclassified as an early bow drill, suggesting advanced engineering 2,000 years earlier than believed.
Read More....
Two Aravind Eye Care doctors won the 2026 Chang-Crandall Award for global cataract blindness service.
Read More....
NATO launched Arctic Sentry to coordinate Arctic defence exercises amid rising regional competition.
Read More....
Delhi announced Lakhpati Bitiya Yojana to reduce school dropouts among girls. The scheme provides milestone-based financial deposits.
Read More....
The US and South Korea launched an expanded Buddy Squadron air drill to strengthen joint defence readiness.
Read More....
Odisha CM unveiled books by Biswabhusan Harichandan on history and culture. The event honoured his public life.
Read More....
IAF will conduct Exercise Vayushakti-26 to showcase combat power and disaster response capability.
Read More....
National Livestock Mission expanded subsidy and insurance coverage. It promotes rural livestock entrepreneurship.
Read More....

India surpasses China to become biggest importer of Russian oil