INSUBCONTINENT EXCLUSIVE:
India and China are Asia's biggest importers and buy a combined 12 per centof the world's oil.Crude oil imports rose to a 4-month peak
in August, while fuel oil imports climbed to the highest in more than eight years, data from the oil ministry's Petroleum Planning and
million tonnes, and increased by about 1.7 per cent from July's 19.34 million tonnes
It was the most imported since April.Fuel oil imports rose to 306,000 tonnes in August, a peak since PPAC data going back to at least
Gasoline, or petrol imports slid 29 per cent month-on-month to 174,000 tonnes after having climbed to their highest level since at least
exports in August eased from near-record highs posted in the previous month, while diesel exports came in lower than July.Shipped imports in
July from India and China were about half a million barrels per day (bpd) below their January-June average of 12.4 million bpd, shipping
data showed in August, eroding a key pillar of global petroleum prices amid trade tensions.Get Breaking news, live coverage, and Latest News
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