If India agrees to buy more of its oil, Iran has offered discounts on crude oil price and free shipping as well. India has indicated that it may not meet the 11 million tonne oil import target from Iran this year and Tehran is attempting to induce New Delhi to lift more oil.
India bought 13.1 million tonne oil from Iran last year. Sources said Iran has offered to give nominal discounts in price as well as free deliver of oil at Indian ports in its ships.