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India imported a record 4.6 million bpd oil in 2018

Reuters  |  NEW DELHI 

By Nidhi Verma

NEW DELHI (Reuters) - imported 4.8 percent more in 2018 to a record 4.58 million barrels per day (bpd) as the country increased purchases to feed its expanded refining capacity, ship-tracking data reviewed by showed.

In December the country's imports totalled 4.86 million bpd, an increase of about 15 percent from the previous month and about 11 percent more than a year earlier, the data showed.

In 2018 continued to be the top supplier to on an annual basis for a second year in a row while maintained the second position, the data showed.

remained the third-biggest supplier to in 2018.

India's imports from in 2018 totalled about 531,000 bpd, about 13 percent higher than a year ago, the data showed.

The remained the biggest to India, with the region's share in imports rising to about 65 percent from 63 percent a year ago. from fell slightly, accounting for about 14.5 percent of overall imports, while supplies from declined for a fourth year, with the region's share shrinking to about 13.7 percent from 15 percent.

U.S. oil accounted for about 2.5 percent of India's in 2018 compared with 0.5 percent a year earlier, the data showed.

(Reporting by Nidhi Verma, editing by Louise Heavens)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, January 11 2019. 22:10 IST