New Delhi: India’s crude oil import bill has jumped 29.5% to $48.027 billion in first nine months of current fiscal on increased volume of imports.
India imported 91.224 million tonnes of crude oil for Rs192,974 crore ($48.027 billion) in April-December 2007, as against import of 82.774 million tonnes for Rs169,175 crore ($37.095 billion) in the corresponding period of last fiscal, according to latest data from the Petroleum Ministry.
Import of 15.576 million tonnes of petroleum products cost the nation Rs41,049 crore ($10.173 billion) in first nine months of current fiscal while export of 29.614 million tonnes of products earned the country Rs78,286 crore ($19.395 billion).
The net oil import bill (crude oil import plus petroleum product import minus exports) in April-December was Rs155,737 crore ($38.805 billion), as against Rs134,655 crore ($30.359 billion) in the same period a year ago.
In April-December, India imported 4.79 million tonnes of naphtha for Rs14,113 crore ($3.494 billion), 1.985 million tonnes of LPG for Rs5,602 crore ($1.396 billion) and 1.978 million tonnes of kerosene for Rs6,445 crore ($1.603 billion).
Exports during the period was led by 10.869 million tonnes of shipments of diesel for Rs29,208 crore ($7.252 billion) and 7.612 million tonnes of naphtha for Rs21,707 crore ($5.357 billion).