India August crude imports fall over 11 percent
India reported an 11 percent drop in crude oil imports for August compared to July. Fuel consumption also hit its lowest level since September 2024 amid shifting trade data.
Insights:
India imported 19.01 million metric tons of crude oil in August, falling 11.3% from the previous month, according to government data released Friday. The drop reflects lower seasonal refinery intake across the South Asian nation. Annual crude imports also declined 3% from 19.60 million tons in August last year.
