India

Chemical Products

04-11-2020

India's September crude imports decline at slower pace; LPG imports jump

India

India’s crude oil imports fell for the sixth straight month in September as surging Covid-19 cases continued to limit fuel demand, but the decline was the least since virus restrictions began earlier this year, government data showed on Tuesday. Imports of liquefied petroleum gas (LPG) surged 4.5 per cent to 1.64 million tonnes in September, the highest since Refinitiv started collecting data going back to 2004. Crude oil imports fell about 9.8 per cent in September from a year earlier to 15.18 million tonnes, or 3.71 million barrels per day (bpd), data from the Petroleum Planning and Analysis Cell (PPAC) of the ministry of petroleum & natural gas showed.