RoydadNaft –   India’s crude oil imports decreased by 2.3 per cent and increased by 0.4 per cent during November 2023 and April-November 2023 respectively, compared to the corresponding period of the previous year.

India produced a total of 2.4 million metric tonnes (MMT) of crude oil in November 2023 – registering a de growth of 0.4 per cent compared to the year-ago period, according to Petroleum Planning & Analysis Cell (PPAC).

Crude oil imports decreased by 2.3 per cent and increased by 0.4 per cent during November 2023 and April-November 2023 respectively, compared to the corresponding period of the previous year. The net import bill for oil and gas was $11.1 billion in November 2023 compared to $12.3 billion in November 2022, according to PPAC.