India's petroleum imports rise 7.7% in FY25, domestic crude production declines
New Delhi: India's petroleum imports increased by 7.7% during April-October FY 2024-25, with liquefied petroleum gas (LPG), petcoke, and lubricants being the key contributors, as per data released by the Petroleum Planning and Analysis Cell (PPAC).
However, imports saw a marginal decline of 2.2% compared to the same month last year.
The country's crude oil imports rose by 3.5% in the first seven months of FY 2024-25 and by 4.2% compared to the corresponding period last year. The net import bill stood at $10.6 billion, lower than $11.8 billi A 3, reflecting reduced global crude prices, which averaged $75.66 per barrel. compared to $91.05 in the same month last year.
Domestic crude oil production fell by 4.9% year-on-yearto 2.4 million metric tons (MMT). Among producers, Oil India Limited (OIL) accounted for 0.3 MMT, ONGC produced 1.6 MMT, and private operators contributed 0.5 MMT.
Refineries, however, processed 21.3 MMT of crude oil, registering a 3.6% increase compared to the same month last year. Public Sector Units (PSUs) processed 14.1 MMT, while private refiners handled 7.2 MMT. The cumulative crude processing during grew by 296 year-on-year.
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