Thu, Jun 14, 2018
India relies on imports for 70 percent of its edible oil consumption, up from 44 percent in 2001/02. India raised import tax on crude soyoil to 35 percent from 30 percent, and on crude canola oil and sunflower oil to 35 percent from 25 percent. Import duty on refined soyoil, canola oil and sunflower oil was raised to 45 percent from 35 percent.
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Fri, Jan 13, 2017
India`s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.
Tue, Aug 30, 2016
Indian Oil Corporation (IOC), the nation's biggest oil firm, has raised crude oil import from Iran to four-fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.
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