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The Times of India
The Times of India
Business
Bloomberg

India’s oil imports from Russia plunge to lowest in seven months

India Oil Viktor Katona Kpler New Delhi

NEW DELHI: India’s appetite for cheap Russian oil took a breather in August as monsoon rains dampened demand and refiners scheduled routine maintenance works.

The world’s third largest oil consumer reduced imports from Moscow for the third consecutive month in August to 1.57 million barrels a day, down 24% on the month and bringing them to their lowest since January, according to data intelligence firm Kpler.

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