Crude oil import bill shrank 15.9% in FY24, thanks to Russia shipments
Business Standard|April 18, 2024
Discounts on a steady stream of Russian crude have led to India's crude oil import bill shrinking by 15.9 per cent to $132.4 billion in FY24 (2023-24), down from $157.5 billion in the previous year, even as import volumes remained the same.
SUBHAYAN CHAKRABORTY
Crude oil import bill shrank 15.9% in FY24, thanks to Russia shipments

The crude oil import bill had risen by 30.4 per cent in FY23, data shows.

However, the country imported almost the same amount of crude oil by volume in FY24, bringing in 232.5 million metric tonnes (mmt) of crude in FY24, official data released on Wednesday by the Petroleum Planning and Analysis Cell showed. This was marginally down by 0.1 per cent as compared to FY23.

この記事は Business Standard の April 18, 2024 版に掲載されています。

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この記事は Business Standard の April 18, 2024 版に掲載されています。

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