Crude, Petroleum-Product Imports Rise Over 5% In January
Petcoke imports saw the highest rise, followed by lube oil and naphtha imports.
India's imports of crude and petroleum products rose 5.6% year-on-year to 25.4 million tonnes in January compared to 24 MT in the year-ago period, the Petroleum Planning & Analysis Cell said on Thursday.
Crude oil imports rose 5.7% YoY and 9.4% month-on-month to 21.4 MT in January, according to the latest data.
Petroleum Product Imports
Imports of petroleum products rose nearly 5% YoY and 2% month-on-month to 3.97 MT in January.
Petcoke imports saw the highest rise, up 58% YoY to 8.13 lakh tonnes, followed by lube oil and naphtha imports that rose 36% and 19% respectively.
Petroleum Product Exports
India's total exports of petroleum product stood at 4.8 MT in January, a 7.5% YoY rise but a 17% month- on- month dip.
High-speed diesel and motor spirit accounted for more than 60% of the petroleum product exports in January. In terms of value, exports of motor spirit saw a 16% drop on an annual basis, while exports of high-speed diesel grew marginally by 1.5%.
Exports of fuel oil saw the highest growth of 38% at 2.47 lakh tonnes, while aviation turbine fuel saw a 28% rise in exports at 7.27 lakh tonnes.
