India’s oil imports are set to fall to an eight-month low in July due to a combination of the monsoon-led fall in domestic fuel and petroleum product demand and lower refinery runs with a few units under maintenance, according to estimates by commodity market analytics firm Kpler.
So far in July, India’s crude imports have averaged at 4.64 million barrels per day (bpd), down around 40,000 bpd compared to June and the lowest since November 2022, Kpler data showed.
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