Section

Crude import bill down 16% in FY24; dependence increases marginally to 87.7%

By Economic Times - 7 months ago
India's crude oil import bill decreased by 16% YoY to $132 billion in 2023-24 due to lower oil prices, according to the country's oil ministry data. Domestic crude oil production remained constant, while refined petroleum product imports fell by 13% to $23 billion. Despite a 17% increase in volumes, imports of LNG fell by 22% to $13 billion.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.