India’s crude oil imports jumped to a 21-month high in January as the world’s third-biggest oil importer and consumer brought in more fuel to meet surging demand led by strong industrial activity.
Crude oil imports in January rose 9.5 per cent month-on-month to 21.39 million metric tons, and were up 5.7 per cent from a year ago, according to Petroleum Planning and Analysis Cell (PPAC) data on Thursday.
India’s fuel consumption rose 8.2 per cent year-on-year last month, government data showed earlier this month.
