New Delhi: India’s crude oil imports dipped by 3.5% to 8.7 million tonnes in February despite a 4% growth in consumption of petrochemical products.
Oil products’ demand grew from 9.398 million tonnes in February 2006 to 9.77 million tonnes this year on back of robust demand for LPG, petrol and naptha.
LPG requirement grew 7.7% to 945,300 tonnes while Naptha demand rose 4.4% to 1.11 mn tonnes.
The demand of petrol was up 4.6% and diesel consumption increased 1.2% to 3.46 million tonnes, according latest data available with the Petroleum Ministry.
Crude oil imports dropped from 9.019 million in February last year to 8.701 million tonnes this year.
During the first 11 months of the current year, crude oil imports, however, jumped 10% to 99.38 million tonnes while the demand for oil products rose 5.1% to 106.27 million tonnes.
Export of petro products grew 4.4% to 2.167 million tonnes in February and in the April-February period by 40.9% to 27.56 million tonnes.