India’s crude imports rise 7% in September, bill surges 47%

India’s crude imports rise 7% in September, bill surges 47% left Image for representational purposes only. Photo: BISWARANJAN ROUT BISWARANJAN ROUT The Hindu https://th-i.thgim.com/public/incoming/l4gghg/article71128733.ece/alternates/FREE_1200/90092_25_3_2024_13_19_5_4_PARADEEP_PORT_4.JPG BISWARANJAN ROUT BHUBANESWAR, 25/03/2024: A ship is seen inside the deep sea and unloading the crude oil at Paradeep Port on the Bay of Bengal Sea’s eastern coast in India. Photo: BISWARANJAN ROUT Net spend on oil and gas imports increased about 40% to $13.4 billion. India’s crude oil import bill surged 47% year-on-year (YoY) to $15.4 billion in September, amid resurging conflict in West Asia, according to provisional government data. Data from the Petroleum Planning and Analysis Cell (PPAC) showed that crude oil imports rose 7% YoY to 21.7 million metric tonnes (MMT) in September, even as shipments of liquefied natural gas (LNG) were about 8.5% lower although import bill stayed almost flat.