The report said India has imported Russian crude at an average of around 60 million barrels per month since the conflict began
The decline came as traders reduced their positions amid subdued demand in the domestic spot market
India’s daily LPG consumption is around 90,000 metric tonnes, compared with domestic production of about 34,000-35,000 metric tonnes
India and China are the world's two largest crude oil importers, making developments in global oil supplies and prices particularly significant for both economies
The attacks followed recent Houthi advances along Yemen’s western coastline, including the capture of Perim Island at the entrance to the Red Sea
Brent crude futures rose $3.21, or 3.1 per cent, to $107.82 a barrel by 1218 GMT, after touching an intraday high of $108.65
Oil movements through the region have continued despite the conflict, but further attacks on tankers or infrastructure could increase the risk of more significant disruptions
The International Energy Agency (IEA) had previously expected global coal consumption to decline slightly this year
The latest increase followed fresh military action involving the US and Iran as well as attacks by Iran-backed Houthis on Saudi Arabia, adding to uncertainty over energy supplies from the region
Crude prices have risen more than 50 per cent this year as the six-month conflict between the US and Iran has disrupted shipments of crude oil and refined petroleum products from the Middle East
