India imported about 5 percent more oil from Iran in the last fiscal year through March as companies raised purchases ahead of U.S. sanctions against Tehran from November, preliminary tanker arrival data obtained from shipping and industry sources showed. FILE PHOTO: Malta-flagged Iranian crude oil supertanker “Delvar” is seen anchored off Singapore March 1, 2012. REUTERS/Tim Chong/File Photo Despite Washington restricting India’s purchases from Tehran, refiners shipped in about 479,500 barrels per day (bpd) of Iranian oil in 2018/19 compared with about 458,000 bpd a year before, according to the data. The United States introduced sanctions in November but gave a six-month waiver to eight nations, including India, which allowed them to import some Iranian oil. India was allowed by Washington to continue to buy about 300,000 bpd oil until early May. In March India’s oil imports from Iran rose to about 405,000 bpd, about […]