India Refiners May Take Less Russia Oil
Digest more
By Nidhi Verma NEW DELHI (Reuters) -India plans to cut imports of liquefied petroleum gas from the Middle East as its state refiners look to boost purchases from the U.S., sources with knowledge of the matter said,
India's goods exports to the US, its largest foreign market, dropped sharply by 20% in September and nearly 40% in the last four months, as Trump's steep tariffs took effect, data shows.
Talks were suspended in August after the Trump administration hiked tariffs on most India goods to 50% as a penalty for Indian purchases of Russian crude oil.
Indian ministers meet U.S. officials to discuss new $100,000 H-1B visa fees and trade deals after Trump cites program abuse by tech companies laying off Americans.
The state refiners have already informed their traditional suppliers of LPG in Saudi Arabia, United Arab Emirates, Kuwait and Qatar about the likely cut in LPG purchases
Feedback