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Home International Customs India

India’s crude oil imports drop 21.92% to $ 4767.69 mln

byCT Report
17/03/2016
in India, International Customs
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NEW DELHI: India’s Oil imports during February, 2016 were valued at $ 4767.69 million which was 21.92 per cent lower than oil imports valued at $ 6106.33 million in the corresponding period last year, according to government data released.

Oil imports during April-February, 2015-16 were valued at $ 77862.30 million which was 40.52 per cent lower than the oil imports of $ 130906.99 million in the corresponding period last year.

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India’s total Imports during February, 2016 were valued at $ 27280.42 million (Rs. 186155.30 crore) which was 5.03 per cent lower in Dollar terms and 4.46 per cent higher in Rupee terms over the level of imports valued at $ 28725.38 million (Rs. 178205.35 crore) in February, 2015.

Cumulative value of imports for the period April-February 2015-16 was $ 351806.61 million (Rs. 2295116.34 crore) as against $ 412604.70 million (Rs. 2515834.93 crore) registering a negative growth of 14.74 per cent in Dollar terms and 8.77 per cent in Rupee terms over the same period last year.

Non-oil imports during February, 2016 were estimated at $ 22512.73 million which was 0.47 per cent lower than non-oil imports of $ 22619.05 million in February, 2015. Non-oil imports during April-February, 2015-16 were valued at $ 273944.31 million which was 2.75 per cent lower than the level of such imports valued at $ 281697.71 million in April-February, 2014-15.

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