Israel is India's top petro-product buyer
Mint Mumbai|January 26, 2023
Israel has emerged as top buyer of Indian petroleum products, with more than $1 billion worth of purchases in December, followed by the UAE, US and Togo. This comes as Russia continues to be the top source of crude oil for New Delhi as per official data.
Ravi Dutta Mishra & Rituraj Baruah
Israel is India's top petro-product buyer

From less than 3% in 2021, the share of Russian crude in the Indian crude basket has seen an exponential rise. As per S&P, Russia became India's top crude supplier in November 2022, with the country receiving around 1 million barrels per day (b/d).

Israel and Togo have not been significant buyers of Indian petroleum products so far, but in December, Israel was the top buyer and the African nation was the fourth largest.

Exports of India's petroleum products between April and December in the current financial year jumped 35% to $67.64 bn compared to $44.28 bn during 2021. The top importers so far in the fiscal have been the Netherlands, the UAE, US and Togo.

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Diese Geschichte stammt aus der January 26, 2023-Ausgabe von Mint Mumbai.

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