Petroleum product exports up 3% in Apr-Nov

SMOOTH FLOW

- ARUNIMA BHARADWAJ New Delhi, December 16

INDIA'S EXPORTS OF petroleum products increased by almost 3% to 42 million tonne during April-November from 40.9 million tonne in the corresponding period of last fiscal, according to data from the Petroleum Planning and Analysis Cell. In November, however, the shipments were down 7% year-on-year to 5.3 million tonne, driven by a significant fall in the supplies to Europe.

In value terms, the country exported $31.2 billion worth of petroleum products in April-November, down 1.3% from $31.6 billion in the year-ago period. Imports of refined oil products increased 6.3% to 33.9 million tonne, up from 31.9 million tonne in April-November 2023. The import bill for refined oil products also increased by 6.6% to $16.1 billion compared to the corresponding period of last year.