INSUBCONTINENT EXCLUSIVE:
Petrol imports rose to 230,000 tonnes in July, the highest since PPAC data going back to 2011India's crude oil imports declined in July
from a year earlier, while petrol imports climbed to their highest since at least April 2011, data from the oil ministry's Petroleum
Planning and Analysis Cell (PPAC) showed on Wednesday.Crude oil imports into the world's third-largest consumer declined 1.2 per cent from
a year earlier to 19.34 million tonnes, but increased 14.6 per cent from the previous month.Petrol imports rose to 230,000 tonnes in July,
the highest since PPAC data going back to 2011.Government data published earlier this month showed petrol sales were 8.8 per cent higher
from a year earlier at 2.52 million tonnes.LNG imports, meanwhile, fell to their lowest since February 2018 at 850,000 tonnes.The country's
imports of crude oil have stalled in recent months, with both coal and liquefied natural gas (LNG) also soft
This could be attributed to Indian refiners adjusting to the loss of cargoes from Iran after the US did not extend waivers to buyers of
Iranian crude beyond the beginning of May.Meanwhile, imports of oil products rose by about 9 per cent from a year earlier to 2.81 million
Year-on-year exports fell 5 per cent last month to 5.07 million tonnes, the data showed.Exports in Naphtha fell to their lowest since
October 2015 at 400,000 tonnes.Get Breaking news, live coverage, and Latest News from India and around the world on
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