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2018-12-21 14:10:00

INDIA'S OIL IMPORTS DOWN BY 11.4%

INDIA'S OIL IMPORTS DOWN BY 11.4%

PLATTSIndia imported 17 million mt (4.2 million b/d) of crude oil in November, down 11.4% year on year, the latest provisional data from the country's Petroleum Planning and Analysis Cell showed.

Crude imports were also down 19.4% from October.

Analysts said the biggest decline in nearly four years was mainly due to lower overseas purchases by refiners after US sanctions on Iran, and also due to maintenance shutdowns by some refiners.

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Tags: INDIA, OIL, IMPORTS

Chronicle:

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