India's Iranian oil imports in June fall 15.9 percent from May as sanctions fears bite - sources

Reuters  |  NEW DELHI 

By and Sai Sachin Ravikumar

NEW DELHI (Reuters) - India's imports from declined by 15.9 percent in June, the first month after the said it would reimpose sanctions on the country, according to data from shipping and industry sources.

In June, imported 592,800 barrels per day (bpd) of from compared to 705,200 bpd in May, the data showed. The sources declined to be identified.

India, Iran's top client after China, has asked refiners to look for alternative oil as the nation may have to drastically cut imports from to comply with the renewed U.S. sanctions.

The said it would reimpose the sanctions after withdrawing from a 2015 agreement with Iran, Russia, and several Western European countries where agreed to curtail its nuclear activities in return for the lifting of earlier sanctions.

(Reporting by Nidhi Verma; Editing by Christian Schmollinger)

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First Published: Wed, July 11 2018. 09:52 IST