India’s crude oil imports fall, product exports surge in April

India’s crude oil imports in April recorded their biggest year-on-year fall in 10 months as coronavirus-induced lockdown restrictions halted economic activity and sapped demand.

Crude oil imports in April fell 12.4% to 17.28 million tonnes from a year earlier, its steepest decline since June 2019, data on the website of Petroleum Planning and Analysis Cell said.