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).

Hindi Day 2025 was celebrated nationwide on September 14, highlighting Hindi's role in national unity and global identity.
Read More....
The two-day National Agriculture Conference launched the Rabi Campaign 2025 to strengthen India’s goal as a global food basket.
Read More....
DPIIT and CarDekho signed an MoU to support startups with mentorship, funding, and technology access.
Read More....
CSIR Startup Conclave 2025 showcased India’s first swastika-shaped lotus garden and 108-petal lotus, promoting innovation and entrepreneurship.
Read More....
Vaishali Rameshbabu made history by winning the FIDE Women’s Grand Swiss 2025 for the second consecutive time.
Read More....
Tirumala Hills and Erramatti Dibbalu were added to UNESCO’s tentative list, recognizing their geological and natural significance.
Read More....
Mohammed Siraj and Orla Prendergast were named ICC Players of the Month for their stellar performances.
Read More....
English: Tribals protested in Jharkhand against interference in the traditional Manki-Munda self-governance system.
Read More....
Indian Navy received the indigenous ASW SWC ‘Androth’, enhancing maritime security in the Indian Ocean.
Read More....
India, Iran, and Uzbekistan held their first trilateral meeting to boost regional security and trade via Chabahar Port.
Read More....

India surpasses China to become biggest importer of Russian oil