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India's crude oil import jumps 10.5% in Oct, hits highest level in 7 years

Imports rose as many refiners resumed purchases after maintenance of units

Reuters 

India's crude oil imports in October rose to their highest level in at least more than seven years, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Tuesday. Crude imports in October climbed 10.5 per cent from a year earlier to 21.02 million tonnes, the highest monthly import figure in PPAC data going back to April 2011. Imports rose as many refiners resumed purchases after maintenance of units. In October, India's oil imports from Africa surged to more than a three-year high. In India, the world's third-largest consumer, ...

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First Published: Wed, November 21 2018. 05:31 IST
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