EghtesadOnline: India's Iran oil imports jumped to a record high in 2016/17 topping half-a-million barrels per day (bpd) as refiners boosted purchases after lifting of some Western sanctions against Tehran last year.

EghtesadOnline: India’s government-run refiners plan to import less Iranian crude oil in the 2017-18 fiscal year ending March 2018 compared to the previous fiscal year, India’s Oil Minister Dharmendra Pradhan said.

EghtesadOnline: Iran will cut some benefits to Indian state-run refiners on crude purchases after the South Asian country decided to reduce the amount of oil it buys from the Persian Gulf nation, people with knowledge of the matter said.