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The Economic Times

Economy / The Economic Times

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India's August crude oil imports fall over 11% month-on-month

India's crude oil imports in August witnessed a significant decline, falling by more than eleven percent compared to July. On an annual basis, imports also dropped by three percent. Although there was a rise in product imports from the prior month, year-on-year comparisons showed a sharp decrease. Fuel consumption reached a concerning low, the weakest since September 2024.

18 Sep 2026 4:40 pm