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India data: Nov crude oil imports rise 12.7% on year

Highlights

India's crude oil imports in November rose 12.7% year on year to 18.76million mt, or an average 4.58 million b/d, latest provisional data fromthe country's Petroleum Planning and Analysis Cell showed.

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The imports in November were 3.3% higher than October.

Domestic refiners have been trying to run refineries at over 100%capacity as local demand soar.

Crude imports are expected to rise in financial year 2016-17(April-March) as the newly commissioned 15 million mt/year Paradip refinery onthe east coast ramped up to capacity, and the west coast Kochi refinerycompleted an expansion to 15.5 million mt/year in May, from 9.5 millionmt/year.

LPG imports in November rose 38.2% year on year to 1.01 million mt andalso 0.5% higher than October.

Naphtha imports in November rose 26.6% year on year to 200,000 mt, butfell 7.0% from October.

--Ratnajyoti Dutta, newsdesk@spglobal.com--Edited by Irene Tang, irene.tang@spglobal.com