India surpasses China to become biggest importer of Russian oil

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).
Recent Post's
  • India became the world’s fourth-largest economy in 2025, overtaking Japan with a nominal GDP of $4.18 trillion.

    Read More....
  • Surya Charishma Tamiri won the Women’s Singles title at the 87th Senior National Badminton Championships held in Vijayawada.

    Read More....
  • Khaleda Zia, Bangladesh’s first female Prime Minister and longtime BNP leader, passed away at the age of 80.

    Read More....
  • President Droupadi Murmu became the second Indian President to undertake an operational submarine sortie aboard INS Vaghsheer.

    Read More....
  • Gautam Adani inaugurated the Sharadchandra Pawar Centre of Excellence in AI at Baramati to promote applied AI research and innovation.

    Read More....
  • Israel became the first country to officially recognize Somaliland as an independent and sovereign state.

    Read More....
  • China inaugurated the 22.13 km Tianshan Shengli Tunnel in Xinjiang, the world’s longest expressway tunnel, reducing travel time across the Tianshan Mountains from seven hours to 20 minutes.

    Read More....
  • R Praggnanandhaa and Anish Giri led Alpine SG Pipers to their first GCL 2025 title, defeating the defending champions Triveni Continental Kings.

    Read More....
  • India ranks third globally in rare earth reserves but contributes less than 1% to global production due to regulatory and processing challenges.

    Read More....
  • DRDO successfully tested India’s Pinaka Long Range Guided Rocket (LRGR-120) with a 120 km range, demonstrating precision and operational reliability.

    Read More....