April 17 Reuters India imported 232.5 million metric tonnes MMT of crude oil in the financial year 202324, compared with 232.7 MMT the prior fiscal year, provisional government data showed on Wednesday.

The world39;s thirdbiggest oil importer and consumer spent 132.4 billion importing oil in fiscal year 202324, nearly 16 lower than the 157.5 billion spent in the year prior.

India39;s fuel consumption fell 0.6 yearonyear in March, but demand for the 2024 financial year was up about 5, primarily driven by higher automotive fuel and naphtha sales.

The United States has not asked India to cut Russian oil imports as the goal of sanctions and the G7imposed 60 per barrel price cap is to have stable global oil supplies while hitting Moscow39;s revenue, an American treasury official said earlier in the month.

Reporting by Anushree Mukherjee in Bengaluru; Editing by Daniel Wallis

Source Reuters