21-12-2016

India data: Nov crude oil imports rise 12.7% on year

crude

India’s crude oil imports in November rose 12.7% year on year to 18.76 million mt, or an average 4.58 million b/d, latest provisional data from the country’s Petroleum Planning and Analysis Cell showed.

The imports in November were 3.3% higher than October.

Domestic refiners have been trying to run refineries at over 100% capacity as local demand soar.

Crude imports are expected to rise in financial year 2016-17 (April-March) as the newly commissioned 15 million mt/year Paradip refinery on the east coast ramped up to capacity, and the west coast Kochi refinery completed an expansion to 15.5 million mt/year in May, from 9.5 million mt/year.

LPG imports in November rose 38.2% year on year to 1.01 million mt and also 0.5% higher than October.

Naphtha imports in November rose 26.6% year on year to 200,000 mt, but fell 7.0% from October.

Source: Platts 

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