India’s October crude oil imports rise after four months of declines
India’s crude oil imports rose in October, after falling in the previous four months, as the world’s third biggest oil importer and consumer shipped in more fuel to meet winter demand, Petroleum Planning and Analysis Cell (PPAC) data showed on Thursday.
Crude imports in October rose 5.9% month-on-month to 18.53 million metric tons, rebounding from a one-year low in September.
India’s fuel consumption also rose to a four-month high in October, as increased industrial activity boosted sales during the festive season and the onset of winter, government data showed earlier in the month.
